Definition from Wiktionary, the free dictionary
- (agriculture) Cattle leaving a feedlot, after fattening on a concentrated ration, that are ready to be sold to a packinghouse for slaughter.
1989 December, DeeVon Bailey and B. Wade Brorsen, “Price Asymmetry in Spatial Fed Cattle Markets”, in Western Journal of Agricultrual Economics, volume 8, number 2, page 246:
- Even though the empirical analysis used here cannot formally test which of several possible factors is the cause of any asymmetry, it is important to establish theoretical reasons to expect spatial price adjustments for fed cattle to be asymmetric.