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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]
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The adjacent western provinces and northern US states are similar, so the use of corn as cattle feed has been limited at these northern latitudes. As a result, few cattle are raised on corn as a feed. The majority are raised on grass and finished on cold-tolerant grains such as barley. [61] This has become a marketing feature of the beef. [9]
An animal unit is the equivalent of 1,000 pounds of "live" animal weight. [1] A thousand animal units equates to 700 dairy cows, 1,000 meat cows, 2,500 pigs weighing more than 55 pounds (25 kg), 10,000 pigs weighing under 55 pounds, 10,000 sheep, 55,000 turkeys, 125,000 chickens, or 82,000 egg laying hens or pullets. [2]
A feedlot or feed yard is a type of animal feeding operation (AFO) which is used in intensive animal farming, notably beef cattle, but also swine, horses, sheep, turkeys, chickens or ducks, prior to slaughter.