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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]
Crop or Livestock Global gross production value in billion US$ Global production in metric tons Global production in US$/metric ton Country with highest gross production value in billion USD Rice, paddy: $332: 751,885,117 $442: $117 (Mainland China) Pig, meat: $280: 118,956,327 $2,354: $167 (Mainland China) Cattle, meat: $269: 64,568,004 $4,166 ...
Lean Hog is a type of hog futures contract that can be used to hedge and to speculate on pork prices in the US.. Lean Hog futures and options are traded on the Chicago Mercantile Exchange (CME), which introduced Lean Hog futures contracts in 1966. [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]
It uses between 20 and 33% of the world's fresh water, [81] Livestock, and the production of feed for them, occupy about a third of the Earth's ice-free land. [82] Livestock production contributes to species extinction, desertification, [83] and habitat destruction. [84] and is the primary driver of the Holocene extinction.
This simple method is sometimes used for cattle. The number of animal units represented by one or more head of cattle may be calculated by dividing their total body mass in kg by 454 (or dividing their weight in pounds by 1000). Thus an 800-pound steer would be considered equivalent to 0.8 animal units. [4] Estimation based on metabolic body size.
Intensive animal farming, industrial livestock production, and macro-farms, [1] also known as factory farming, [2] is a type of intensive agriculture, specifically an approach to animal husbandry designed to maximize production while minimizing costs. [3]
Throughout most of human prehistory and history, the primary means of livestock transportation was by droving.The reason was usually either for seasonal grazing movement (to move them to a summer grazing range or to move them to an overwintering range or shelter) or to bring them to market of one form or another, whether bartering livestock (between farmers) or selling them (whether as stores ...