Until they reach a specific weight, live cattle are specially raised for beef production. This process begins when they are calves and ends when they reach the required weight. Once the goal weight (typically 600-800 pounds), has been reached, they are then transferred to feedlots and are considered “feeder cattle”. In addition to beef production, cattle are used for milk, leather and soap production, and labor.
The U.S is the largest producer of grain fed beef in the world due to its abundance of pasture suitable for grazing and its large supply of feed grains. Live cattle prices have been rallying to all time high prices, presenting numerous trading opportunities. Whether one is a rancher needing risk management tools or a… Read more.
This is a sample entry from Brian Cullen’s email newsletter, The Cullen Outlook. Technically Speaking: Markets You Should be Watching Right Now October Feeder Cattle: Selling on a break of strong support. October Feeder Cattle has broken through a strong support level of 134.00. I look for a bit of retracement to get short this… Read more.