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Feeder cattle futures contracts, traded on the Chicago Mercantile Exchange (CME), can be used to hedge and to speculate on the price of feeder cattle. Cattle producers can hedge future buying and selling prices for feeder cattle through trading feeder cattle futures, and such trading is a common part of a producer's risk management program. [11]
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]
[1] [2] [3] [n 1] In the United States, free-roaming animals (ferae naturae) are (broadly) held in trust by the state; only if captured can they be claimed as personal property. [ a ] [ 6 ] Animals regarded as commodities may be bought, sold, given away, bequeathed, killed, and used as commodity producers: producers of meat, eggs, milk, fur ...
Sale prices for calves sold from a cow–calf operation are subject to fluctuation as part of the cattle cycle of financial markets. [12] The relatively long period it takes a cow–calf operator to build up a beef herd and raise new calves to the desired weight tends to extend the length of such a cycle.
The cattle industry takes the position that the use of growth hormones allows plentiful meats to be sold for affordable prices. [24] Using hormones in beef cattle costs $1.50 and adds between 40 and 50 lb (18 and 23 kg) to the weight of a steer at slaughter, for a return of at least $25. [25]
Steer N' Stein reported to fair officials that it experienced an almost 5% decrease in sales this year, though the fair had record attendance. The 2024 fair drew almost 1.183 million people, 4% ...