If you are looking for a complete guide to fetching live cattle data via an API, you are in the right place.
The cattle industry in America is one of the biggest in the world. It is one of the most important agricultural sectors in the US, with annual sales of over $88 billion and 1.1 million employees. One of the most energy-intensive industries in the US is cattle farming, which uses around 8% of all agricultural energy in the country.
In this case, we are talking about an API for Commodities Prices that allows you to access live cattle data; these are APIs that provide information on livestock such as cattle, pigs, and chickens. This information can include things like current prices, expected prices, and more. This information can be used by anyone who is interested in the cattle industry; whether they are farmers who want to keep track of their own animals or companies that need to know what prices are currently being paid for various types of livestock.
Cattle are referred to as fed or live cattle when they reach their full weight potential and weigh between 1,050 and 1,500 pounds. These animals are covered by the CME Live Animals (LC) contract. Physical deliveries accompany contracts for live cattle futures. Typically, it takes two years to complete the production cycle from pasture to plate.
The state of the herd, the climate, feed prices, and other factors all have an impact on the cattle industry. In order to stay competitive in this industry, it is crucial to keep an eye on both of these factors in addition to others. Even though a single person or company could find it difficult to do this task alone, there are technologies out there that could make the process a lot easier.
Commodities API
The most latest information on live cattle is available to users through an application programming interface called Commodities API. By utilizing this API, users are able to monitor price changes over time and compare them to those of other commodities. Additionally, customers have access to historical price data, which enables them to make wiser investment choices.
The priority with this Commodities API is developers. The API has extensive documentation, clear code examples, and a simple API structure. You can develop the API in approximately 10 minutes.
How To Use This API:
You may use the Commodities API right now by signing up for a free trial, selecting “SIGN UP,” then “GET API KEY,” to start your API request.
You will be given an exclusive Access Key with this API, which acts as your exclusive Commodities-API.com API password. Protect it! It can always be reset in your Account Dashboard.
The five main API Endpoints (Latest, Historical, Convert, Time-Series, and Fluctuation), each of which begins with this Base URL, allow you to access various sorts of data. To one of the endpoints that holds your particular Access Key, merely add a query parameter.
Each product has a distinctive logo that aids in providing accurate information about it. Live Cattle is the data type in this example, and its code is “LCM24.” Once the API call has started, you will get a reply that looks like this.
{"data":{"success":true,"timestamp":1687536060,"date":"2023-06-23","base":"USD","rates":{"LCAT":0.58317538999854},"unit":{"LCAT":"per lb"}}}
As you can see, one USD is equal to 0.58317538999854 pounds of live cattle.