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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]
During the Civil War, USDA collected and distributed crop and livestock statistics to help farmers assess the value of the goods they produced. At that time, commodity buyers usually had more current and detailed market information than did farmers, a circumstance that often prevented farmers from getting a fair price for their goods.
The greater part of the meat industry is the meat packing industry – the segment that handles the slaughtering, processing, packaging, and distribution of animals such as poultry, cattle, pigs, sheep and other livestock. An industrial meat packing plant in 2013
The size of the market is over 900 acres, where more than 700,000 livestock, including cows, goats and lambs are displayed for sale. [5] The sellers mainly arrive from rural regions of Sindh and Punjab, where livestock farming is a common profession. The market plays a fundamental role in catering the large demand of the citizens of Karachi.
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]
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
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 ...
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]