What is a third party contract?

Third party contracts are agreements that involve a person who isn't a party to a contract but is involved with the transaction. This person may be a buyer representing one of the parties.

US Legal Forms
Localized Forms
Washington
King
Purchase and Maintenance Agreement for Cattle - Feeder Contract

King Washington Purchase and Maintenance Agreement for Cattle - Feeder Contract

Name: King Washington Purchase and Maintenance Agreement for Cattle - Feeder Contract
Brand: US Legal Forms
Rating: 4.77 (269 reviews)

Category:

Animals - Cattle

State:

Multi-State

County:

King

Control #:

US-01157BG

Format:

Instant download

Description

Beef is raised in three phases before it is processed: calves are raised on pasture and range land, as feeder cattle they feed on pasture, crop residue, and range land, and finally they go to feedlots, where they are fattened for slaughter. Feeder contracts are a type of futures contract based on young cattle that are sent to feedlots in preparation for slaughter. The Chicago Mercantile Exchange first introduced a feeder cattle contract in 1971.

It is important make sure the agreement is clear as to whether a bailment or an actual sale of the animals is intended. In order to constitute a bailment and not a sale, a fattening or raising agreement should provide that the owner agrees to provide the animals involved to the feeder with the owner retaining title to the animals, and the feeder or raiser is to feed or raise them for sale as the owner deems proper. This form is a sample of a sale rather than a bailment.

How to fill out King Washington Purchase And Maintenance Agreement For Cattle - Feeder Contract?

Creating paperwork, like King Purchase and Maintenance Agreement for Cattle - Feeder Contract, to take care of your legal matters is a tough and time-consumming process. A lot of circumstances require an attorney’s participation, which also makes this task expensive. However, you can take your legal matters into your own hands and handle them yourself. US Legal Forms is here to the rescue. Our website comes with more than 85,000 legal documents created for a variety of cases and life circumstances. We make sure each document is compliant with the laws of each state, so you don’t have to be concerned about potential legal pitfalls compliance-wise.

If you're already familiar with our website and have a subscription with US, you know how easy it is to get the King Purchase and Maintenance Agreement for Cattle - Feeder Contract form. Simply log in to your account, download the form, and personalize it to your requirements. Have you lost your document? Don’t worry. You can get it in the My Forms folder in your account - on desktop or mobile.

The onboarding flow of new users is fairly easy! Here’s what you need to do before downloading King Purchase and Maintenance Agreement for Cattle - Feeder Contract:

Make sure that your form is specific to your state/county since the regulations for creating legal documents may vary from one state another.
Learn more about the form by previewing it or going through a brief intro. If the King Purchase and Maintenance Agreement for Cattle - Feeder Contract isn’t something you were hoping to find, then take advantage of the search bar in the header to find another one.
Log in or create an account to start utilizing our service and get the form.
Everything looks good on your end? Click the Buy now button and choose the subscription option.
Pick the payment gateway and type in your payment details.
Your template is all set. You can go ahead and download it.

It’s an easy task to locate and purchase the needed template with US Legal Forms. Thousands of businesses and individuals are already taking advantage of our rich library. Sign up for it now if you want to check what other benefits you can get with US Legal Forms!

Form Rating

4.77

Satisfied(269)

Form popularity

FAQ

Feeders Refers to weaned calves grazing pasture and of sufficient weight and maturity to be placed on high-energy rations for finishing; they are generally older, weigh more, and carry more condition (finish) than stockers. Slaughter Cattle Refers to cattle grazing on pasture and suitable for slaughter.

Contract feeder means a person who as an independent contractor, feeds commercial feed to animals pursuant to a contract whereby such commercial feed is supplied, furnished or otherwise provided to such person and whereby such person's remuneration is determined all or in part by feed consumption, mortality, profits or

A herd share, also known as a farm share, cow share, goat share, etc., is where people buy shares of a milking animal or herd, and pay the farmer to care for the animals and milk them. As owners, the shareholders are entitled to the milk from their animals.

Feeder cattle prices depend on the weight of the cattle with lightweight cattle typically having the highest price per pound (or hundredweight) and lower prices for heavier cattle. Not only do prices vary across cattle weights but the size of the price adjustment depends on the weight of the cattle.

Feeder Cattle futures contracts allow participants, such as producers, to hedge a decline in price between the time calves are born and when they are sold to feedlots. It also allows feedlot operators to hedge against an increase in the price of Feeder Cattle before the operator is ready to purchase them for their lot.

Third party contracts are agreements that involve a person who isn't a party to a contract but is involved with the transaction. This person may be a buyer representing one of the parties.

Forward Contract An agreement to deliver cattle that meet a specified number, weights and delivery date. Short Hedge Selling a futures contract to minimize the risk of fluctuating market prices on the open market.

And for a small commission of each trade, a broker can help determine the best route for the producer to take. There are two types of cattle futures contracts Live Cattle and Feeder Cattle. Feeder Cattle consist of calves weighing 600-800 pounds while Live Cattle are cattle fed to the point of harvest weight.

Feeder cattle, in some countries or regions called store cattle, are young cattle mature enough either to undergo backgrounding or to be fattened in preparation for slaughter. They may be steers (castrated males) or heifers (females who have not dropped a calf).

More info

Feeder cattle up 4. You must buy LRP-Feeder Cattle insurance through a livestock insurance agent.You may fill out an application at any time. However, contra-seasonally lackluster wholesale beef prices and the dwindling premium in deferred contracts continued to cast a gloomy pall. Feedlot and the welfare and performance of the cattle in the facility. WESTERN CATTLE FEEDERS, a California corporation, Defendant and Respondent. Kalmbach Feeds manufactures and sells top quality animal feed and custom nutritional products for all livestock and poultry species. Sell March feeder cattle futures contracts. 062 Maintenance or Service Contracts Without Parts. Considerations for Retained Ownership of Feeder Cattle .

King Washington Purchase and Maintenance Agreement for Cattle - Feeder Contract

Description

Related forms

How to fill out King Washington Purchase And Maintenance Agreement For Cattle - Feeder Contract?

Show more info

Form Rating

Form popularity

FAQ

What is the difference between feeder cattle and slaughter cattle?

What does contract feeding mean?

How do cow shares work?

What does feeder cattle price mean?

How does the feeder cattle market work?

What is a third party contract?

What is a forward contract in cattle?

What is a feeding contract?

What is the difference between feeder cattle and fed cattle?

What is a feeder cattle sale?

More info

Trusted and secure by over 3 million people of the world’s leading companies