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A pound of 100% ground beef chuck cost $5.59 in October, a penny more than in September. Fresh whole chicken went from $1.98 to $1.99 per pound, maintaining the same pricing as January 2024.
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 minimum tick size for the contract is $0.00025 per pound ($12.50 per contract). Trading on the contract are subject to price limits of $0.045 per pound above or below the previous day's contract settlement price.
Alberta has become the center of the western Canadian beef industry and has 70% of the feedlot capacity and 70% of the beef processing capacity in Canada. [ 56 ] The Canadian province of Alberta has a very large land area (similar to Texas ) [ 57 ] and has more than 210,000 km 2 (81,000 sq mi) of agricultural land, or about four times as much ...
Prices in restaurants are rising across the spectrum, from top-notch eateries to fast food chain Wendy's, which has raised the price of its quarter pound burger by 4-8 cents in the past year.
The Agency funds bodies like Canada Beef [2] [5] and the Beef Cattle Research Council (BCRC). [6] The BCRC listed the agency as one of the "Industry Stakeholders Represented at the BCRC Workshops" in the Canadian Beef Research and Technology Transfer Strategy 2018 - 2023 document. [7] [8]
[3] [4] [5] As an example of the difference, for 2002, when the FAO figure for US per capita meat consumption was 124.48 kg (274 lb 7 oz), the USDA estimate of US per capita loss-adjusted meat consumption was 62.6 kg (138 lb). [6]
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