Retail

Market Channel type.

A marketing channel that sells dairy products directly to the consumer for personal or household consumption.

Skim Milk Powder (SMP)

1. An international market term often used interchangeably for NDM.

2. A term used in the United States for a dry product made from a blend of condensed skim and another condensed dairy product(s) generally for export sales.  This product does not meet USDA standards for NDM.

Spot Prices

The first sale, f.o.b. the producing plant, of product that has no regular or committed outlet and is sold on the open market for immediate delivery or delivery within a few days.

Thin Fleshed

Typical thin feeder cattle are angular in appearance.  Their rib bones and the hooks and pins in the pelvic region are plainly visible.  There is also a definite ridge formed by the dorsal processes in the short loin region.  Various regions of the body such as the round, loin, rib cage, shoulder, etc.

Toggle

A setting that can be switched between two different options by performing a single action. For instance, being able to switch the location of your phone from on to off.