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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]
Since cattle are herbivores and need roughage in their diet, silage, hay and/or haylage are all viable feed options. [14] Despite this, 3/4th of the 32 pounds (14.52 kg) of feed cattle consume each day will be corn. [15] Cattle weighing 1000 lbs. will drink an average of 41 L a day, and approximately 82 L in hot weather. [16]
Here's what candy debris looks like before it gets mixed in with feed. Source: Paul Octavious "At first I was offended by the thought," of cows eating candy, Janeen Hall Cole, a dairy farmer at ...
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In 1997, in response to outbreaks of Bovine spongiform encephalopathy, commonly known as mad cow disease, the United States and Canada banned a range of animal tissues from cattle feed. Feed bans in United States (2009) Canada (2007) expanded on this, prohibiting the use of potentially infectious tissue in all animal and pet food and fertilizers.
Cattle raised for human consumption are called beef cattle. Within the beef cattle industry in parts of the United States, the term beef (plural beeves) is still used in its archaic sense to refer to an animal of either sex. Cows of certain breeds that are kept for the milk they give are called dairy cows or milking cows (formerly milch cows).
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