Quiz 1 Flashcards
List the 4 production segments
Seedstock - generate genetics
Cow/calf operation - raise animals for slaughter
Stocker - feeding on a high forage diet before feedlot
Feedlot - finishing - fattening the animal (concentrates)
What 2 operations make up 79.71% of total producers?
Cow/calf
Seedstock
Gestation length of cattle _____
285 days
Weaning of a calf happens between _____ and _____ days
90
205
When is a calf weaned?
Once its digestive system can process whole foods
What season should calving occur for good forage?
Spring
What are the key factors desired by consumers?
Marbling
Price
Why does the US rely on Imports from other countries?
We can’t produce enough on our own
What explains the increase in steer prices from 2003 to 2005?
Canada and the BSE outbreak
What explains the decrease in steer prices from 2007 to 2009?
The recession
What explains the dramatic increase in steer prices from 2013 to mid 2015?
End of the recession
What resulted in the upward trend in corn price from around 2005 to 2012?
Expansion of the corn industry - used for biofuel
What resulted in the downward trend in grain and feed price from 2008 to 2009?
Recession - costs were high and demand was low
What causes the “dip” in corn uses in 2012?
Drought caused a decrease in production
When the price of corn is high, what does that do to the price of a calf?
decreases
Top 2 slaughter operations
Tyson Foods, Inc.
JBS USA, LLC
What is keeping consumers from purchasing more beef?
expensive compared to other meats
other meats said to be healthier