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Live cattle is a type of futures contract that can be used to hedge and to speculate on fed cattle prices. Cattle producers, feedlot operators, and merchant exporters can hedge future selling prices for cattle through trading live cattle futures, and such trading is a common part of a producer's price risk management program. [1]
The Eastern Young Cattle Indicator (EYCI) is an indicator of general cattle markets in Australia. It is calculated based on a seven-day rolling price average expressed in cents per kilogram carcase (or dressed) weight (¢/kg cwt). [1] The EYCI sources data from 23 saleyards in New South Wales, Queensland and Victoria. [2]
Liniers cattle market, Buenos Aires, Argentina, 2009. The commodity status of animals is the legal status as property of most non-human animals, particularly farmed animals, working animals and animals in sport, and their use as objects of trade.
Indonesia is the largest market for Australian live cattle exports. In 2022, more than 303,000 live cattle were imported from Australia to Indonesia and more than 153,000 from January to July 2023.
The following is a list of countries by live animal exports. Data is for 2019, in millions of United States dollars , as reported by International Trade Centre . [ 1 ] Currently the top twenty countries are listed.
A commodity price index is a fixed-weight index or (weighted) average of selected commodity prices, which may be based on spot or futures prices.It is designed to be representative of the broad commodity asset class or a specific subset of commodities, such as energy or metals.
Live export is the commercial transport of livestock across national borders. The trade involves a number of countries with the Australian live export industry being one of the largest exporters in the global trade.
It uses between 20 and 33% of the world's fresh water, [81] Livestock, and the production of feed for them, occupy about a third of the Earth's ice-free land. [82] Livestock production contributes to species extinction, desertification, [83] and habitat destruction. [84] and is the primary driver of the Holocene extinction.