Fairfax Virginia Agreement for Sale of Cattle

Name: Fairfax Virginia Agreement for Sale of Cattle
Brand: US Legal Forms
Rating: 4.55 (396 reviews)

Category:

Contracts - Buy Sell - Sale

State:

Multi-State

County:

Fairfax

Control #:

US-1340829BG

Format:

Instant download

Description

This form is an agreement for the sale of cattle with specific terms regarding such sale.

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FAQ

Feeder cattle futures contract specifications. 0.025/cwt (0.025 cents per pound), worth $12.50 per contract. Feeder cattle futures are traded electronically on the Globex® platform Monday from a.m. U.S. ET to p.m. U.S. ET.

You may have heard a rule-of-thumb is that it takes 1.5 to 2 acres to feed a cow calf pair for 12 months. That means we should be able to have 10 to 13 cows.

Live cattle futures are widely-traded commodities futures contracts, referring to cattle (cows) that have reached the requisite weight for slaughter, or about 1000 to 1300 pounds, which takes about six to ten months.

Livestock, dairy, and poultry shall have a minimum of 12 animal unit-months of commercial livestock or poultry per five acres of open land in the previous year.

Live cattle futures are standardized, exchange-traded contracts on the Chicago Mercantile Exchange (CME). The contracts represent the delivery of full-grown cattle that are ready to be sold to meat processors, having reached a weight of between around 1,200 and 1,400 pounds.

Cows require a considerable amount of space when compared to other livestock. ?You want at least an acre per cow,? Robbins said. ?If they're going to have a baby, you want two acres for a cow-calf pair.

Each Live Cattle futures contract represents 40,000 pounds with a minimum price fluctuation of $. 00025 per pound, or $10 per tick.

The Contracts The Feeder Cattle futures contract represents 50,000 pounds with a minimum tick increment of $. 00025 per pound, or $12.50 per tick. The contract also trades Monday-Friday from a.m. to p.m. Central Time (CT).

At first glance, 2022 cattle prices are higher than 2021. At $140, slaughter steer prices are 17.5% above 2021 prices, but even with higher prices, farmers and ranchers will travel a rocky road to profitability, paved with inflation and higher input costs in 2022.

That means one cow per one acre of pasture. Keep in mind that is a minimum requirement. A cow/calf pair will typically require closer to two acres. The daily utilization rate for livestock is also commonly referenced.

More info

(2016). Shan Goodwin, Fairfax Agricultural Media, reports on gene editing technology being used to breed white Angus cattle with increased heat tolerance. In an old Greek fable, a dog lay asleep in a manger filled with hay.Image courtesy of Fairfax Media. The City of Fairfax, Virginia lies in the Accotink Creek watershed in Northern Virginia. DROUGHT: More than 98 per cent of NSW is in drought, or at the onset of drought, according to the state government's Combined Drought Indicator. Minneapolis-St. Paul news, Minnesota weather, traffic and sports from FOX 9, serving the Twin Cities metro, Greater Minnesota and western Wisconsin. Labor said it would "phase out" live sheep exports in consultation with industry, but said it had no plans to change live export of cattle.

Fairfax Virginia Agreement for Sale of Cattle

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