In this post, we’ll talk about the best API to monitor Live Cattle prices.

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 instance, we’re referring to an API for Commodities Prices that gives you access to data on live cattle; these APIs include data on animals, including cattle, pigs, and chickens. This data can include a variety of topics, such as current pricing, projected prices, and more. Anyone with an interest in the cattle industry can utilize this information, whether they are farmers who want to keep track of their own animals or businesses that need to know what prices are being paid right now for different kinds 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

Every day, thousands of developers, SMBs, and large organizations use Commodities-API. Our API is the best source for commodities rates because of its reliable data sources and six plus years of experience.

Developers are given first consideration using this Commodities API. The API provides thorough documentation, understandable code samples, and a straightforward API layout. The API may be created in around 10 minutes.

How To Use This API:

By registering for a free trial, choosing “SIGN UP,” and then “GET API KEY,” you can utilize the Commodities API right now. 

With this API, you will be granted a unique Access Key that serves as your personal Commodities-API.com API password. Guard it! You can reset it at any time 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":1687542720,"date":"2023-06-23","base":"USD","rates":{"LCM24":0.0055532417048452},"unit":{lb}}}

As you can see, 0.0055532417048452 pounds of live cattle are equivalent to one USD.