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The stock yards were dependent on Omaha's Union Pacific Railroad to bring livestock to market. On average, 20,000 animals per day arrived at the Union Stockyards for slaughter. [9] Cattle, hogs, sheep, buffalo, deer, horses, mules and chickens were sold on the market in early years.
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]
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]
U.S. consumers grappling with soaring inflation face more pain from high beef prices as ranchers are reducing their cattle herds due to drought and lofty feed costs, a decision that will tighten ...
Prior to 1922 they had sold most of their cattle at good prices and then leased their ranches out then with cattle prices low in 1923-24, they bought back into the cattle business. Beginning in 1924 management of the ranch was given to Lawrence Y. Bixby, cattleman and former employee of the Nebraska Land and Feeding Company.
Livestock from ranches in Mexico and points south were sometimes driven to American stockyards. Circa 1923 there were approximately 70 major stockyards in the United States. [5] Stockyards mostly handled cattle and pigs for beef and pork production, but occasionally served as waystations for other animals.
Map of major cattle trails, with the Great Western Trail in the center 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.
Eventually, the 375-acre (1.52 km 2) site had 2300 separate livestock pens, room to accommodate 75,000 hogs, 21,000 cattle and 22,000 sheep at any one time. [22] Additionally, hotels, saloons, restaurants, and offices for merchants and brokers sprang up in the growing community around the stockyards. [ 23 ]