Out of these three meat choices given, which do you consume the most of during the week?
During the week,I consume a balance between beef and chicken.
Today's awareness is looking at market prices( a little economics). Market prices are important for farmers and consumers. In order for the farmers operation to be successful he has to make money on whatever he is producing. Today, we are looking at the futures market for meat, specifically beef (cattle), and pork (hogs). Consumers also need to watch the market because they reflect prices in store.
A little economics lesson as promised..
Prices fluctuate constantly depending on..
Let's talk a little about pork (hogs) and beef (cattle) futures market.
For cattle in the futures market has two sections
Feeder Cattle- weaned but not fully grown yet, around 600 + pounds
Live Cattle- fully grown cattle normally 1,200 + pounds,
For pork the futures market only has one section
Lean Hogs-normally weigh 200-25+ pounds
When selling in the livestock market, each price is qouted per pound
Today Prices for Futures Market of April 2020 (I rounded)
Live Cattle- $1.27/lb
Keep a watch on the market to see how much those numbers change close to April! I encourage you this shows you what farmers watch, when locking in their futures prices for grain or livestock. Lots of focus on the market. The market plays a huge role in their operation.
Hope you guys have a great Tuesday and hopefully you learned something!
Hey, it's me again Catlin. Just wanted to give you a little more detail about what my plan is for " A Growers Granddaughters" blog. My intention is to keep you up to date on my life adventures in agriculture such as research projects, a little gardening, and my grandads farm,Lively H, which inspired me to pursue a career in agriculture. This blog is not only for you to read but also see all the behind the scenes on the farm, and educate you more on agriculture topics. If you have any questions, please comment, or email me, If there is a topic in agriculture you are unsure about, shoot me and email.