ANS 2 Food - Unit 8 (Cattle Marketing - Modern Livestock)

There is little or no risk in using the futures market.

• True

• False

Electronic marketing of cattle and beef is not expected to expand in the future.

• True

• False

If cattle are to be marketed profitably, the producer must be aware of current prices and trends.

• True

• False

Beef animals younger than 1 year of age are called calves; after 1 year of age they are called cattle.

• True

• False

It is not necessary for livestock dealers to register with the USDA.

• True

• False

Knowledge of seasonal price changes can help in making management decisions about buying and selling cattle.

• True

• False

Tags

NGSS.HS-ETS1-3

The peak price for slaughter steers and heifers tends to come in April.

• True

• False

____ governs the price of beef cattle.

• Supply

• Demand

• Both a and b

• USDA

The ____ grade of a beef carcass is influenced by carcass weight, rib eye area, and thickness of fat over the rib eye.

• yield

• thrift

• prime

• consumer

In some cattle a condition in which the lean meat is darker than normal is called ____.

• black cutter

• low cutter

• choice

• dark cutting beef