Duplicate of Animal Science Unit 12

Which product has seen an increase in consumption, especially during the 1980s?

If you purchase a breeding heifer and move it to your farm, what type of marketing is this?

Grain and vegetable crops have more elastic supply curves than other ag products.

What month should be avoided for marketing feeder pigs?

When would you be able to receive the highest price for feeder lambs?

What must occur for the supply curve to shift?

Those trends which affect prices over a long period of time.

The United States is only an exporter of livestock and livestock products.

Reflect the producer's response to changes in prices.

Measured by estimating the average price of consumer goods and services purchased.

The day-to-day variations in livestock prices.

Livestock can be marketed in many ways such as cash and future markets.

Markets where participants buy and sell commodities at a set price for a future date.

The law of demand states that the ___.

Since the 1960s, in the United States per-person consumption of ____.

The marketing system allows livestock and products to be transferred from producer to consumer.

Since the 1960s, there has been a general downward trend in livestock product prices.

Markets where people buy and sell commodities which are sold for cash and delivered immediately

Marketing livestock is not important to the livestock industry.

Which month typically has the lowest prices for sows?

Producers can move in and out of a market easily.

Seasonal variations are caused by changes in production and consumption during the year.

Which product has a relatively higher retail price than other products?

A shift in the demand curve does not occur because of ___.

Which factor is most likely to affect long-term price trends?

When is the best time to sell market barrows and gilts?

Which marketing method are "contracts" bought and sold rather than the commodity itself?

Seasonal price indexes show the months that prices are likely to be above or below the average.

An economic model used to determine the pricing of a product.

Which method of livestock marketing establishes a final price for livestock in the future?

Products have an inelastic demand if consumers ___.

For slaughter cattle, what factor has reduced the seasonal variations in the pricing?

The intersection of the supply and demand curves.

Result from changes in production and consumption during the year.

Which type of livestock is most likely to be sold by private sales?

Where people buy and sell contracts at a set price for delivery on a future date.

International trade has become increasingly important in marketing livestock products.

The future market gives an indication of the price projections of commodities.

Hedging provides protection against price changes that could affect profit or loss.

Both producers and consumers affect price trends and cycles.

Price variations can be long-term trends or short term changes.

What method of livestock marketing uses hedging to reduce risk?

Demand alone is used to determine a competitive market price.

What is the point at which the quantity of goods being supplied is the same as demand?