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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 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]
In economics, the term pork cycle, hog cycle, or cattle cycle [1] describes the phenomenon of cyclical fluctuations of supply and prices in livestock markets. It was first observed in 1925 in pig markets in the US by Mordecai Ezekiel and in Europe in 1927 by the German scholar Arthur Hanau [ de ] .
The sale price for the Fort Worth Stock Show & Rodeo’s Grand Champion Steer has grown by 130% in 20 years. Last year’s Grand Champion Steer sold for $175,000 more than it did in 2002. Twenty ...
Prices are influenced by current supply & demand and are determined by live weight or per head. Similar to this is forward contracting, in which prices are determined the same way but are not directly influenced by market demand fluctuations. Forward contracts determine the selling price between the two parties negotiating for a set amount of time.
A steer. The Texas Longhorn is an American breed of beef cattle, characterized by its long horns, which can span more than 8 ft (2.4 m) from tip to tip. [4] It derives from cattle brought from the Iberian Peninsula to the Americas by Spanish conquistadors from the time of the Second Voyage of Christopher Columbus until about 1512. [5]
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]
Meanwhile, the overall used car market is stabilizing according to iSeeCars.com, with overall prices down 3.6% year over year in June, following price drops of 2.9% in May and 3.6 % in April.