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Beef cattle are cattle raised for meat production (as distinguished from dairy cattle, used for milk production). The meat of mature or almost mature cattle is mostly known as beef . In beef production there are three main stages: cow-calf operations , backgrounding , and feedlot operations.
The cattle cycle is the approximately 10-year period in which the number of U.S. beef cattle is alternatively expanded and reduced over several consecutive years in response to perceived changes in profitability by producers. Generally, low prices occur when cattle numbers (or beef supplies) are high, precipitating several years of herd ...
Various formulas are used for calculating grazing fees on public lands. Some examples are: For federal rangelands of the United States, the grazing fee "equals the $1.23 base established by the 1966 Western Livestock Grazing Survey multiplied by the result of the Forage Value Index (a derived index of the relative change in the previous year's average monthly rate per head for pasturing cattle ...
The need arose for a common grading scale when member states of the EEC began operating in the common beef market in 1968 (EEC) No. 805/68 and price reporting to the EC became mandatory. In the UK, the Meat and Livestock Commission (MLC Services Ltd) is responsible for the classification of over 80% of the cattle slaughtered in Britain. The ...
All this added only 4d a pound to the carcase price of beef (≅£4.40 a kilo 2018). [103] [104] Scientific American reported that, recently, five cattle-laden steamers had sailed from New York to England in one day. The cattle in this new trade "come principally from Ohio, Kentucky, Illinois, Iowa, Missouri, Kansas, Nebraska and Colorado". [105]
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]
Before 1790, beef cattle averaged only 160 kg (350 lb) net. Thereafter, weights climbed steadily. [8] [9] Cattle breeds vary widely in size; the tallest and heaviest is the Chianina, where a mature bull may be up to 1.8 m (5 ft 11 in) at the shoulder, and may reach 1,280 kg (2,820 lb) in weight. [10]
Factors influencing the price of meat include supply and demand, subsidies, [2] hidden costs, [3] taxes, quotas or non-material costs ("moral cost") of meat production.Non-material costs can be related to issues such as animal welfare (e.g. treatment of animals, over-breeding).