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The Eastern Young Cattle Indicator (EYCI) is an indicator of general cattle markets in Australia. It is calculated based on a seven-day rolling price average expressed in cents per kilogram carcase (or dressed) weight (¢/kg cwt). [1] The EYCI sources data from 23 saleyards in New South Wales, Queensland and Victoria. [2]
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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 United States grades feeder cattle that have not reached an age of 36 months on three factors: frame size, thickness, and thriftiness. [7]Frame size evaluates feeder cattle' height and body length as determined by their skeletal size in relation with their age; frame size affects the animals' mature size and weight gain composition as they are fed into fed cattle.
In Australia, the term Japanese ox is used for grain-fed steers in the weight range of 500 to 650 kg that are destined for the Japanese meat trade. [8] In North America, draft cattle under four years old are often called working steers.
For example, the dress weight for chickens and other fowl is closer to 75% of the live weight, [3] which is significantly higher than that of cattle, which can be from 50-70% depending on breed and methods used. [2] To compare, a 250-pound pig will typically have a dressed weight of 180 pounds and a retail cuts weight of 144 pounds.
Countries regulate the marketing and sale of beef by observing criteria of cattle carcasses at the abattoir (slaughterhouse) and classifying the carcasses. This classification, sometimes optional, can suggest a market demand for a particular animal's attributes and therefore the price owed to the producer.