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The Secret Financial Life of FoodFrom Commodities Markets to Supermarkets$
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Kara Newman

Print publication date: 2014

Print ISBN-13: 9780231156714

Published to Columbia Scholarship Online: November 2015

DOI: 10.7312/columbia/9780231156714.001.0001

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Cattle Call

Cattle Call

(p.91) Chapter Seven Cattle Call
The Secret Financial Life of Food

Kara Newman

Columbia University Press

This chapter focuses on the history of cattle trading on the commodities market. The Chicago Mercantile Exchange was born from butter and eggs, evolving by the late 1920s into a meaty livestock-oriented exchange, trading cattle, hogs and pork bellies, “fresh broilers,” and eggs. This chapter looks at the early cattle trade in New York, England's role in the development of beef trade in the United States, how the West became a primary location for cattle trade, the rise of Chicago's Beef Trust, and the inauguration of futures contract trading in live cattle on the Chicago Mercantile Exchange.

Keywords:   cattle trading, commodities market, cattle, Chicago Mercantile Exchange, New York, England, beef trade, cattle trade, Beef Trust, futures contract trading

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