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The Union Stock Yard & Transit Co., or The Yards, was the meatpacking district in Chicago for more than a century, starting in 1865. The district was operated by a group of railroad companies that acquired marshland and turned it into a centralized processing area. By the 1890s, the railroad capital behind the Union Stockyards was Vanderbilt ...
Castle Douglas Auction Mart. The Auction Mart on New Market Street in Castle Douglas is an octagonal building, constructed around 1900 as a cattle market, and used for that purpose since its construction. It is owned by Wallets Marts, a firm that has operated a cattle market on the site since 1888. It was designated a Category A listed building ...
The auction chant is a repetition of two numbers at a time which indicate the monetary amount involved with the sale of an item. The first number is the amount of money which is currently being offered by a bidder for a given item. The second number is what the next bid needs to be in order to become the "high bidder", otherwise known as "the ...
A modern small-scale cattle drive in New Mexico. Cattle drives were a major economic activity in the 19th and early 20th century American West, particularly between 1850s and 1910s. In this period, 27 million cattle were driven from Texas to railheads in Kansas, for shipment to stockyards in St. Louis and points east, and direct to Chicago.
Coordinates: 38°38′44″N 90°09′39″W. National City was a suburb of East St. Louis, Illinois. Incorporated in 1907, it was a company town for the St. Louis National Stockyards Company. [ 1] In 1996, the company, which owned all residential property in the town, evicted all of its residents. The following year, because it had no ...
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]
Oil traders, Houston, 2009. A commodity market is a market that trades in the primary economic sector rather than manufactured products, such as cocoa, fruit and sugar. Hard commodities are mined, such as gold and oil. [1] Futures contracts are the oldest way of investing in commodities. [citation needed]
Stock yards, north Fort Worth, Texas (postcard, c.1900s) The arrival of railroads in 1876 made the area a very important livestock center. Fort Worth Union Stockyards opened for business on January 19, 1890, covering 206 acres. On February 7, the Fort Worth Dressed Meat and Packing Company was founded. This facility was operated without profit ...
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