Introduction to Livestock Production Part 2
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21 Terms
Who are the top 3 beef producers?
US, Brazil, China
What percentage of beef production is the US responsible for?
20%
What percentage of beef production is Brazil responsible for?
18%
What percentage of beef production is China responsible for?
13%
Who are the top 3 chicken producers?
US, Brazil, China
What percentage of chicken production is the US responsible for?
20%
What percentage of chicken production is Brazil responsible for?
14%
What percentage of chicken production is China responsible for?
14%
What percentage of pork production is China responsible for?
50%
What percentage of pork production is China responsible for?
50%
What percentage of pork production is the EU responsible for?
18%
What percentage of pork production is the US responsible for?
11%
Who are the top 3 milk producers?
India, EU, US
What percentage of milk production is India responsible for?
31%
What percentage of milk production is the EU responsible for?
22%
What percentage of milk production is the US responsible for?
15%
What is a Cash Receipt?
Money received from sales of livestock and their products
What examples from the notes are included in Cash Receipts?
Government and insurance payments
According to the notes, what 5 things cause price fluctuations?
Diseases, Number of animals available, Supply and demand, feed price, Weather
What is a commodity?
Price fluctuations monthly, weekly, or even daily. (NOTE: Specific classes and grades of animal influence animal profitability)
What is the dominant operation in the state of Nevada?
Cow-calf