Cow

A female bovine that has developed through reproduction or with age, the relatively prominent hips, large middle, and other physical characteristics typical of mature females.

Dairy Export Incentive Program (DEIP)

This program was repealed by the Agricultural Act of 2014. DEIP paid cash bonuses to exporters, allowing them to buy at U.S. prices and sell abroad at prevailing (lower) international prices. DEIP removed nonfat dry milk, butterfat, and certain cheeses from the domestic market and helped develop export markets. The DEIP was announced by USDA on May 15, 1985. DEIP quantities and dollar amounts were subject to World Trade Organization (WTO) restrictions under the Uruguay Round Agreement on Agriculture.

Demand

Demand may be described as "very good," "good," "moderate," "light," or "very light" in relation to what is considered typical or normal demand at each market or marketing area for the day or period, allowing for seasonal changes.  In evaluating demand, the reporter will bear in mind that a good demand might exist for certain grades, weights, or classes, while at the same time, others are in light demand.  A reporter should be currently informed as to the nature of demand as indicated by the estimated proportions sold to local packers, order buyers, feeder dealers, etc.  Indi

Discount

Adjustment, expressed in dollars per hundred weight, subtracted from the base price due to weight, quality characteristics, yield characteristics, livestock class, dark cutting, breed, dressing percentage, or other factors.[1]

Edible Tallow

Derived from cooking down fatty tissue from edible portions of beef carcasses under supervision of USDA Meat Inspection.  It is further refined by running it through separators and filters to remove all traces of solids and moisture.  It is transported in liquid form in rail-cars and taker trucks.  The main use of edible tallow is a frying oil.  It is also used as a shortening in a wide variety of baked goods.

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