Prices - CME live cattle futures prices ( electronic symbol LE) posted their low for 2021 in January at $1.1135 a pound. Both the live and feeder cattle futures contracts trade in terms of cents per pound. Futures and options on live cattle and feeder cattle are traded at the CME Group. After reaching full weight, the cattle are sold for slaughter to a meatpacking plant. The animal is considered "finished" when it reaches full weight and is ready for slaughter, typically at around 1,200 pounds, which produces a dressed carcass of around 745 pounds. The mix includes grain (corn, milo, or wheat), a protein supplement (soybean, cottonseed, or linseed meal), and roughage (alfalfa, silage, prairie hay, or an agricultural by-product such as sugar beet pulp). When the cattle reach 600-800 pounds, they are typically sent to a feedlot and become "feeder cattle." In the feedlot, the cattle are fed with a special food mix to encourage rapid weight gain. The calves usually spend 6-10 months in the stocker operation, growing to near full-sized by foraging for summer grass or winter wheat. The calves are weaned from the mother after 6-8 months, and most are then moved into the "stocker" operation. This allows the calves to be born during the milder weather of spring and provides the calves with ample forage through the summer and early autumn. Most ranchers breed their herds of cows in summer, thus producing a new crop of calves in spring (the gestation period is about nine months). The beef cycle begins with the cow-calf operation, which breeds the new calves. Jan, Mar, Apr, May, Aug, Sep, Oct, Nov (F, H, J, K, Q, U, V, X)Ĩ:30a.m. 8.25 cents per pound ($3,300 per contract) Expanded limit 12.25 cents
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |