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The CME Feeder Cattle Index is calculated using prices reported by USDA's Agricultural Marketing Service (AMS). AMS reports number of cattle sold, average price of sale, and average weight of cattle sold for daily feeder cattle transactions for every US state in 50 pounds (23 kg) segments for each grade segment.
A mature steer rarely fetched more than $4.00 a head (or about $146 today). The miners and merchants who came to California as a result of the Gold Rush fed an explosion in the state's population and a concurrent demand for beef. The price of cattle rose up to $75 a head (around $1,493 today). [5]
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]
"Hanging": a symbol beneath another symbol and touching the other symbol. The hanging nomenclature may be omitted when reading the brand, such as a H with a P below it, with the top of the P touching the bottom of the right hand side of the H would be read as " H Hanging P", or just "H P".
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(Reuters) - Canada confirmed its first case of mad cow disease since 2011 on Friday, but said the discovery should not hit a beef export sector worth C$2 billion ($1.6 billion) a year. The news ...
A cash crop, also called profit crop, is an agricultural crop which is grown to sell for profit. It is typically purchased by parties separate from a farm . The term is used to differentiate a marketed crop from a staple crop ("subsistence crop") in subsistence agriculture , which is one fed to the producer's own livestock or grown as food for ...
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]