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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 difference between the selling price for live cattle and the costs of purchasing feeder cattle and feed (usually assumed to be corn, regardless of actual mix of feed used) is referred to as livestock gross margin (LGM), feeding margin, or cattle crush (as opposed to production margin, which also includes other production costs). [21]
The amount of external fat is measured at the ribbed surface between the 12th and 13th ribs. The ribbing of carcasses is described in the U.S. standards for beef grading. External fat is measured at a distance of ¾ the length of the ribeye from the chine bone end. This initial number can be adjusted up or down depending on any abnormal fat ...
There are many methods used to sell cattle to meat packers. Spot, or cash, marketing is the traditional and most commonly used method. Prices are influenced by current supply & demand and are determined by live weight or per head.
(Reuters) - Canada confirmed its first case of mad cow disease since 2011 on Friday, but said the discovery should not hit a beef export sector worth C$2 billion ($1.6 billion) a year. The news ...
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.
The following year, the event was given a name, the Texas Fat Stock Show. [5] Tents were erected for the animals, and visitors were charged a twenty-five cent fee to view the livestock. [4] Local ranchers promoted the show to northern meat packers in the hopes of improving the local livestock industry.
Trump might get an early economic win with gas prices expected to drop in 2025. Finance. CNN Business. They lost their insurance. Then their homes burned. Food. Food. The Pioneer Woman.
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