Trends
Trends should describe the difference in the present general price level in relation to the last market day when a sufficient volume was available for a comparison. Trends will be based on bulk prices for the most part. The quality of the livestock should be taken into consideration when establishing trends. Formulating a trend based on the comparison of the top and bottom quotations does not necessarily depict the true market. Sales outside the normal range usually have little influence on the trend. Daily trends will be made on each class represented but may
Truckload (TL)
Approximately 40,000 - 44,000 pounds.
Undertone
Situation or sense of direction in an unsettled market
Undertone/Tone
Situation or sense of market direction.
United States Public Health Service (USPHS)
An agency of the U.S. Department of Health and Human Services. This agency’s responsibilities include the promulgation and administration of federal standards of identity (which define milk and dairy products) and administering the fluid Grade A milk program (which covers the sanitary aspects of milk and processing).
Vaccinated
Term used to describe cattle that have received a known vaccination regiment, usually part of a total pre-conditioning program.
Value Added
Used to identify cattle on market reports that typically sell at a premium, cattle denoted with this comment have a combination of several of following quantifiers: source and aged verified, all-natural, non-hormone treated, a known vaccination program, being weaned more than 30 days, or superior genetics.
Weaned
Term used to describe feeders that have been weaned for an extended period of time (typically 30+ days). Feeders that are described as weaned typically bring a significant premium over those that are not weaned or that have been weaned for just a short time.
Wet Distillers Grain
A by-product of ethanol production containing 65 to 70 percent moisture.
Wet Solids
Another term for condensed skim.
