Fed cattle definition
Fed cattle means steers and heifers, whether beef breeds or Holsteins, which are raised and fed specifically for beef production. “Class Period” means the period from January 1, 2015 through the present. “Cost-plus basis” means an agreement to sell fed cattle at a price determined by the producers’ costs of production without regard to prevailing cash cattle prices.
Fed cattle means steers and heifers raised in feedlots on a concentrated diet for the production and sale of Beef. (Settlement Agreement ¶ 1c).