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By 1907, the Stockyards sold a million cattle per year. The stockyards was an organized place where cattle, sheep, and hogs could be bought, sold and slaughtered. Fort Worth remained an important part of the cattle industry until the 1950s. Business suffered due to livestock auctions held closer to where the livestock were originally produced. [3]
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 standard Texas and Southwestern Cattle Raisers Association identification sign; photo taken near the ranch of Gene S. Walker, Sr., in Webb County, Texas.. Texas and Southwestern Cattle Raisers Association, Inc., is an organization established in 1877 by forty Texas cattlemen for the purpose of combating unbridled livestock theft.
Millions of dollars are awarded annually to livestock and rodeo champions and participants. [3] The ProRodeo Hall of Fame in Colorado Springs, Colorado, inducted the Southwestern Exposition and Livestock Show in 2008. [7] The Texas Trail of Fame inducted the show in 2015. [8] The Texas Cowboy Hall of Fame inducted the show in 2019. [9]
The association has continued to work through state and national legislative and regulatory channels to achieve the goals and needs of its members in regards to issues such as cattle theft, cattle diseases, federal lands grazing, predators and endangered species, international trade, and taxes. [2]
Feeder cattle or store cattle are young cattle soon to be either backgrounded or sent to fattening, most especially those intended to be sold to someone else for finishing before butchering. In some regions, a distinction between stockers and feeders (by those names) is the distinction of backgrounding versus immediate sale to a finisher.