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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 ...
"This could send beef prices to record levels in 2024 and 2025, as we hit the supply bottom of the current cattle cycle," Nelson warned. RELATED: How to Make an Inexpensive Steak Taste Expensive
On average, cattle will consume 1.4 to 4% of their body weight daily. [8] There is a range of types of feed available for these animals. The standard text in the United States, Nutrient Requirements of Beef Cattle, has been through eight editions over at least seventy years. [9]
Christine McCracken, a meat analyst at worldwide agricultural financial institution Rabobank, said that U.S. meat production had declined 20% by late April 2020, and predicted that wholesale meat prices would rise. She said that especially popular items like ground beef were likely to increase in price at the retail level. [12]
The 27th-most agriculturally productive state, Oklahoma is fifth in cattle production and fifth in production of wheat. [138] [170] Approximately 5.5 percent of American beef comes from Oklahoma, while the state produces 6.1 percent of American wheat, 4.2 percent of American pig products, and 2.2 percent of dairy products. [138]
Feeder cattle futures contracts, traded on the Chicago Mercantile Exchange (CME), can be used to hedge and to speculate on the price of feeder cattle. Cattle producers can hedge future buying and selling prices for feeder cattle through trading feeder cattle futures, and such trading is a common part of a producer's risk management program. [11]
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 ]