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[7] [8] The exchange value of the animal does not depend on quality of life. [9] The commodity status of livestock is evident in auction yards, where they are tagged with a barcode and traded according to certain qualities, including age, weight, sex and breeding history.
Live cattle is a type of futures contract that can be used to hedge and to speculate on fed cattle prices. Cattle producers, feedlot operators, and merchant exporters can hedge future selling prices for cattle through trading live cattle futures, and such trading is a common part of a producer's price risk management program. [1]
Ontario Stockyards is a livestock auction facility located in Cookstown, Ontario and serves much of Southern Ontario in selling cattle, pork and other livestock from producers to buyers to process as meat. [1]
Livestock Exchange Building may refer to: Kansas City Live Stock Exchange, Kansas City, Missouri; Livestock Exchange Building, part of the NRHP-listed Fort Worth Stockyards, Fort Worth, Texas; Livestock Exchange Building (St. Joseph, Missouri) Livestock Exchange Building (Omaha, Nebraska)
Kansas City Stockyards in 1909 Kansas City Stockyards in 1904 with the Livestock Exchange Building View of stockyards & surrounding area. The stockyards were built to provide better prices for livestock owners. [citation needed] Previously, livestock owners west of Kansas City could only sell at whatever price the railroad offered. With the ...
In 1947 they were second to Chicago in the world. Omaha overtook Chicago as the nation's largest livestock market and meat packing industry center in 1955, a title which it held onto until 1971. [3] The 116-year-old institution closed in 1999. [4] The Livestock Exchange Building was listed on the National Register of Historic Places in 1999. [5]
After a downturn in the market and changes in the livestock industry, the Union Stock Yards Company of Omaha lost value through the 1960s. In 1973 the Union Stock Yards Company of Omaha was sold to the Canal Capital Corporation of New York. In 1999 the Union Stockyards were closed by the City of Omaha, and replaced with a business park. [9]
The Kansas City Live Stock Exchange building was the headquarters of the former historic Kansas City Stockyards. It is located at 1600 Gennesse in Kansas City, Missouri , in the West Bottoms . The building is on the National Register of Historic Places and is owned by Bill Haw.