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The CME Feeder Cattle Index is calculated using prices reported by USDA's Agricultural Marketing Service (AMS). AMS reports number of cattle sold, average price of sale, and average weight of cattle sold for daily feeder cattle transactions for every US state in 50 pounds (23 kg) segments for each grade segment.
The contracts are for 40,000 pounds of Lean Hogs, and call for cash settlement based on the CME Lean Hog Index, which is a two-day weighted average of cash markets. Minimum tick size for the contract is $0.025 per pound, with each tick valued at $10 USD.
Smithfield Foods hog CAFO, Unionville, Missouri, 2013. In animal husbandry, a concentrated animal feeding operation (CAFO), as defined by the United States Department of Agriculture (USDA), is an intensive animal feeding operation (AFO) in which over 1,000 animal units are confined for over 45 days a year.
Agriculture as a percentage of the state's GDP has declined over time; in 1963 agriculture accounted for an estimated 5% of the state's GDP. [7] In 2007, the state had 85,260 farms; by 2012, this number had declined to 77,064. [7] In 2013, the average market value of agricultural products per farm in Kentucky was $65,755. [8]
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]
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]
Kentucky ranks atop the list of states in the country with the highest rate of people prescribed for a popular weight loss drug, according to a published report from Bloomberg, citing data from ...
Once the young calves reach a weight between 300 and 700 pounds (140 and 320 kg) they are rounded up and either sold directly to feedlots, or sent to cattle auctions for feedlots to bid on them. Once transferred to a feedlot, they are housed and looked after for the next six to eight months where they are fed a total mixed ration [12] to gain ...