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The CME Feeder Cattle Index is calculated using prices reported by USDA's Agricultural Marketing Service (AMS). AMS reports number of cattle sold, average price of sale, and average weight of cattle sold for daily feeder cattle transactions for every US state in 50 pounds (23 kg) segments for each grade segment.
Lean Hog futures and options are traded on the Chicago Mercantile Exchange (CME), which introduced Lean Hog futures contracts in 1966. [1] The contracts are for 40,000 pounds of Lean Hogs, and call for cash settlement based on the CME Lean Hog Index, which is a two-day weighted average of cash markets.
Cities in Ohio are municipalities whose population is no less than 5,000; smaller municipalities are called villages. Nonresident college students and incarcerated inmates do not count towards the city requirement of 5,000 residents. [1] There are currently 253 cities and 673 villages in Ohio, for a total of 926 municipalities.
Aug. 23—When farmer Louise Barton was growing up in Lyndhurst and Mentor, she had no idea her retirement job would be raising beef cattle in southern Ohio. Once the environmentalist for Perry ...
Once cattle obtain an entry-level weight, about 650 pounds (290 kg), they are transferred from the range to a feedlot to be fed a specialized animal feed which consists of corn byproducts (derived from ethanol production), barley, and other grains as well as alfalfa and cottonseed meal.
Young cattle (regardless of sex) are called calves until they are weaned, then weaners until they are a year old in some areas; in other areas, particularly with male beef cattle, they may be known as feeder calves or feeders. After that, they are referred to as yearlings or stirks [4] if between one and two years of age. [5]
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]
Once the young calves reach a weight between 300 and 700 pounds (140 and 320 kg) they are rounded up and either sold directly to feedlots, or sent to cattle auctions for feedlots to bid on them. Once transferred to a feedlot, they are housed and looked after for the next six to eight months where they are fed a total mixed ration [12] to gain ...