Arkansas Animal Science Unit 8
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| livestock are sold by public bidding with the animal going to the highest bidder | auction market
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| an established $1 per head fee for every head of beef sold in the United States | beef checkoff
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| a product made from part of an animal that is not used for food | byproduct
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| the amount of product buyers will purchase at a given time for a given price | demand
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| a form of auction selling used mainly for feeder cattle | electronic marketing
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| a marketing procedure of a producer and buyer entering into an agreement well before a product is produced | forward contracting
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| an agreement to take or make delivery of a product in the future at a specified price; involves futures trading on a commodity exchange | futures
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| the processes and functions of moving animals and animal products from the producer to the consumer so that consumer demand is satisfied | marketing
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| a contract between producer and buyer conveying the right to sell within a specific time | options
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| a federal law that is administered by the USDA that deals with the movement of livestock across state lines | Packers and Stockyards Act
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| a sale made directly between a producer and buyer | private treaty
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| loss of weight that occurs when livestock are moved to market | shrinkage
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| amount of product that producers will offer for sale at a given price at a given time | supply
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| livestock sold directly to the packer | terminal market
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To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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