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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]
Mature female cattle are called cows and mature male cattle are bulls. Young female cattle are called heifers, young male cattle are oxen or bullocks, and castrated male cattle are known as steers. Cattle are commonly raised for meat, for dairy products, and for leather. As draft animals, they pull carts and farm implements.
Cattle are kept as livestock almost everywhere except in parts of India and Nepal, where they are considered sacred by most Hindus. Bovids are used as draft animals and as riding animals. Small breeds of domestic bovid, such as the Miniature Zebu, are kept as pets.
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]
However, beef cattle can also be bred through artificial insemination, [1] depending on the cow and the size of the herd. Cattle are normally bred during the summer so that calving may occur the following spring. [1] However, cattle breeding can occur at other times of year. Depending on the operation, calving may occur all year round.
A Holstein cow with prominent udder and less muscle than is typical of beef breeds. Dairy cattle (also called dairy cows) are cattle bred with the ability to produce large quantities of milk, from which dairy products are made.
A cow calf operation is a method of rearing beef cattle in which a permanent herd of cows is kept by a farmer or rancher to produce calves for later sale. Cow–calf operations are one of the key aspects of the beef industry in the United States and many other countries. [1] In the British Isles, a cow–calf operation may be known as a single ...