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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.
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]
The cattle industry takes the position that the use of growth hormones allows plentiful meats to be sold for affordable prices. [24] Using hormones in beef cattle costs $1.50 and adds between 40 and 50 lb (18 and 23 kg) to the weight of a steer at slaughter, for a return of at least $25. [25]
Last year, according to Bill Gray, U.S. cattle inventory decreased by 820,000 head, including dairy cattle. A long-term drought in U.S. cattle country also disrupted the cycle of raising beef ...
The Great Western Cattle Trail is the name used today for a cattle trail established during the late 19th century for moving beef stock and horses to markets in eastern and northern states. It ran west of and roughly parallel to the better known Chisholm Trail into Kansas, reaching an additional major railhead there for shipping beef to Chicago ...
An "intact" (i.e., not castrated) adult male is called a bull. A father bull is called a sire with reference to his offspring. An adult female that has had a calf (or two, depending on regional usage) is a cow. Steers and heifers are also colloquially referred to as cows. A mother cow is called a dam with reference to her offspring.
Cattle are not often kept solely for hides, and they are usually a by-product of beef production. Hides are used mainly for leather products such as shoes. In 2012, India was the world's largest producer of cattle hides. [114] Cattle hides account for around 65% of the world's leather production. [115] [116]
Since cattle are herbivores and need roughage in their diet, silage, hay and/or haylage are all viable feed options. [14] Despite this, 3/4th of the 32 pounds (14.52 kg) of feed cattle consume each day will be corn. [15] Cattle weighing 1000 lbs. will drink an average of 41 L a day, and approximately 82 L in hot weather. [16]
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