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In 1990, approximately 25 percent of U.S. market hogs were purchased on a carcass merit system that differentiated price based on lean content. The differentials varied, and there was a scarcity of data to indicate whether the price spread was sufficient between good and poor quality pigs. [1]
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 ]
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Arbogast & Bastian, also known as A&B Meats, was the name of a slaughterhouse and meat packing plant located in Allentown, Pennsylvania.Once a national leader in hog slaughtering, the company had the capacity to process most of the 850,000 hogs raised annually in Pennsylvania for slaughtering. [1]
In economics, the term pork cycle, hog cycle, or cattle cycle [1] describes the phenomenon of cyclical fluctuations of supply and prices in livestock markets. It was first observed in 1925 in pig markets in the US by Mordecai Ezekiel and in Europe in 1927 by the German scholar Arthur Hanau [ de ] .
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.
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