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Live cattle. 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]
Cow–calf operation. A cow calf operation is a method of rearing beef cattle in which a permanent herd of cows is kept by a farmer or rancher to produce calves for later sale. Cow–calf operations are one of the key aspects of the beef industry in the United States and many other countries. [1] In the British Isles, a cow–calf operation may ...
The Index inputs are seven-day feeder cattle auction, direct trade, video sale, and Internet sale transaction prices for qualified steers publicly reported from the following twelve feeder cattle producing states: Colorado, Iowa, Kansas, Missouri, Montana, Nebraska, New Mexico, North Dakota, Oklahoma, South Dakota, Texas and Wyoming.
An American auctioneer using auction chant at a livestock auction, November 2010. An auction is usually a process of buying and selling goods or services by offering them up for bids, taking bids, and then selling the item to the highest bidder or buying the item from the lowest bidder. Some exceptions to this definition exist and are described ...
The auction chant is a repetition of two numbers at a time which indicate the monetary amount involved with the sale of an item. The first number is the amount of money which is currently being offered by a bidder for a given item. The second number is what the next bid needs to be in order to become the "high bidder", otherwise known as "the ...
The stockyards were built to provide better prices for livestock owners. [citation needed] Previously, livestock owners west of Kansas City could only sell at whatever price the railroad offered. With the Kansas City Livestock Exchange and the Stockyards, cattle were sold to the highest bidder.
Local and regional livestock auctions and specialized agricultural markets facilitate trade in livestock. In Canada at the Cargill slaughterhouse in High River, Alberta, 2,000 workers process 4,500 cattle per day, or more than one-third of Canada's capacity.
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. [2] Will Epperly is ...
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