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The Eastern Young Cattle Indicator (EYCI) is an indicator of general cattle markets in Australia. It is calculated based on a seven-day rolling price average expressed in cents per kilogram carcase (or dressed) weight (¢/kg cwt). [1] The EYCI sources data from 23 saleyards in New South Wales, Queensland and Victoria. [2]
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]
Isidore of Seville (560–636) distinguished between "cattle", a term for animals that had been domesticated, and "beasts" or wild animals, as did Thomas Aquinas (1225–1274). [ 17 ] The English jurist William Blackstone (1723–1780) wrote of domesticated animals, in Commentaries on the Laws of England (1765–1769):
A marketing year is a period of one year (or sometimes less), designated for reporting and (or) analysis of production, marketing and disposition of a commodity. . (Disposition of an agricultural crop might include such uses as food, animal feed, industry, seed, and export, as well as change
There were 3.89 million beef cattle in New Zealand as of June 2019. [20] In the 12 months to December 2020, 1.59 million adult beef cattle and 1.15 million adult dairy cattle were processed, producing 698,380 tonnes of beef. In addition, 1.86 million calves and vealers were processed, producing 30,150 tonnes of veal. [32]
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In 1947 they were second to Chicago in the world. Omaha overtook Chicago as the nation's largest livestock market and meat packing industry center in 1955, a title which it held onto until 1971. [3] The 116-year-old institution closed in 1999. [4] The Livestock Exchange Building was listed on the National Register of Historic Places in 1999. [5]
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]