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About 180 workers had tested positive for coronavirus out of a workforce of 2,800. According to an Associated Press report, the company said the shutdown "would deny a vital market to hog farmers and further disrupt the nation's meat supply". [129] Tyson eventually re-opened its Waterloo plant after a closure of about two weeks.
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]
Feeder cattle futures contracts, traded on the Chicago Mercantile Exchange (CME), can be used to hedge and to speculate on the price of feeder cattle. Cattle producers can hedge future buying and selling prices for feeder cattle through trading feeder cattle futures, and such trading is a common part of a producer's risk management program. [11]
The cattle cycle is the approximately 10-year period in which the number of U.S. beef cattle is alternatively expanded and reduced over several consecutive years in response to perceived changes in profitability by producers. Generally, low prices occur when cattle numbers (or beef supplies) are high, precipitating several years of herd ...
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]
Concentration declined after that, but has increased sharply in more recent years. According to USDA, for example, the four largest firms accounted for 82% of the steer and heifer slaughter in 2000, compared with 36% in 1980. Four-firm concentration in hog slaughter was 56% in 2000, compared with 34% in 1980.
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]
The Humane Slaughter Association (HSA) supports research, training, and development to improve the welfare of livestock during transport and slaughter.It provides technical information about handling and slaughter on its website, training for farmer staff and vets, advice to governments and industry, and funding of science and technology to make slaughter more humane. [6]