Ranchers begin the process by breeding cows (females) with bulls (males) either naturally or with artificial insemination (A.I. Successful production relies on proper animal husbandry techniques as well as good economic decision-making. Producing feeder cattle is a complex, high-stakes business. Some industrial oils, lubricants, soaps, lipsticks, face creams, hand creams, chemicals, pesticides and detergents derive from beef fat products.īuttons, piano keys, glues and fertilizers are some of the many products made from bones, horns and hooves of cattle. Non-Food Uses (Beef Fats and Fatty Acids) Gelatin from cattle bone and skins is used to make marshmallows, ice cream, canned meats and dessertsīeef hide is used to make a variety of items:.Oleo stearin is an edible solid beef fat used to make some chewing gums and candies.Oleo oil and stock are produced from beef fat and used to make margarine and shortening.Liver, kidney, brains, tripe, sweetbreads and tongue are food sources in many countries.Hamburgers, steaks and roast beef are among the many products produced from beef.īy-products of beef production include the following: Here are the most common categories with examples of what cattle-derived goods are used for: Main Uses of Feeder CattleĬattle have various use cases over the world. Feeder cattle are a vital part of the global ecosystem of beef production and an important commodity in world markets. The economic impact of the meat and poultry industry in the United States alone is over $1 trillion.īeef production creates millions of jobs including suppliers, distributors, and retailers. Worldwide consumption of beef approaches around 60 million metric tons annually. Ultimately, when they reach a weight of about 1,200 to 1,400 pounds, feeder cattle are slaughtered to produce beef. At this point, cattle producers feed them a diet of high-energy feed to promote weight gain. What Drives the Price of Feeder Cattle?Ĭattle are a valuable commodity across industries like agriculture, clothing, sporting goods, and even musical instruments.įeeder cattle are weaned calves that reach a weight of between 600 to 800 pounds.For more information please view the Barchart Disclosure Policy here. All information and data in this article is solely for informational purposes. On the date of publication, Alan Brugler did not have (either directly or indirectly) positions in any of the securities mentioned in this article. Last week’s pace was 250,000 while the same week last year was also 247k.Īug 23 Cattle closed at $181.275, up $1.150, USDA estimated FI cattle slaughter at 127k head for Tuesday, that set the week’s running total at 247k head. USDA reported Wholesale Boxed Beef prices were mixed on Tuesday, with a $2.10 drop in Choice and an 87 cent increase for Select. The CME Feeder Cattle Index was $238.45 after a 72 cent increase for 7/17. Cash trade has been limited on Monday and Tuesday. The feeder cattle market fell $0.95 to $1.42 on the higher feed costs. That was a new high close for August, though futures stayed under their LoC high set yesterday.
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