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The cattle business in Texas is worth an estimated $15.5 billion, making it by far the most profitable agricultural commodity in the state, according to the state’s Department of Agriculture.
Data shows the nation's cattle supply has steadily dropped since 1998 from about 110 million cattle head, despite a small bump in inventory between 2013 and 2018, to 87.2 million head this year.
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]
In 2021, two Texas entrepreneurs started marketing a creative idea. For just $2,000, you could buy a cow from your couch. You wouldn’t ever touch the animal—their company, Agridime, would use ...
Texas counties by GDP in 2021 (chained 2012 US$) The economy of the State of Texas is the second largest by GDP in the United States after that of California. It has a gross state product of $2.694 trillion as of 2023. [7] In 2022, Texas led the nation with the most companies in the Fortune 500 with 53 in total. [8]
The Texas and Southwestern Cattle Raisers Association was founded in Graham by forty ranchers from Palo Pinto County, Young County, Parker County, and Shackelford County, including C.C. Slaughter and James C. Loving. [1] [2] [3] Loving was the secretary and later treasurer of the organization until his death in 1902. [2]
The brown and black cattle of Texas, beloved symbols of the Lone Star state, walk through desiccated grass and stand in shrunken watering holes while their ranchers struggle to get them enough food.
A steer. The Texas Longhorn is an American breed of beef cattle, characterized by its long horns, which can span more than 8 ft (2.4 m) from tip to tip. [4] It derives from cattle brought from the Iberian Peninsula to the Americas by Spanish conquistadors from the time of the Second Voyage of Christopher Columbus until about 1512. [5]