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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]
The value and production of individual crops varies substantially from year to year as prices fluctuate on the world and country markets and weather and other factors influence production. This list includes the top 50 most valuable crops and livestock products but does not necessarily include the top 50 most heavily produced crops and ...
NCBA also serves as a contractor to the Beef Checkoff on a cost recovery basis. [8] The Beef Checkoff program was established as part of the 1985 Farm Bill. The checkoff assesses $1 per head on the sale of live domestic and imported cattle, in addition to a comparable assessment on imported beef and beef products.
1965, the first livestock auction was held to replace the Oakdale Fat Stock Sale. 1968, the first woman appointed to Board of Directors, Patricia Gaard and the first replacement heifer sale was staged. 1964 Long-time Fair manager Clyde Rigsbee died, John Lovel took over the reins as Fair manager at this time. 1970s*
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The World Livestock Auctioneer Championship is an annual competition of livestock auctioneers who practice the auction chant typical of rural areas in the United States and Canada. The competition is sponsored by the Livestock Marketing Association and was first held in 1963. [1] Brian Curless won the competition in 2017.
National Beef is the U.S.'s fourth largest beef processor, with sales exceeding $7 billion annually. [15] National Beef products are available to national and regional retailers, including supermarket chains, independent grocers, club stores, wholesalers and distributors, foodservice providers and distributors, further processors and the U.S. military. [16]
The word livestock was first used between 1650 and 1660, as a compound word combining the words "live" and "stock". [6] In some periods, "cattle" and "livestock" have been used interchangeably. Today, [specify] the modern meaning of cattle is domesticated bovines, while livestock has a wider sense. [7]