Did you know you could invest in lean hogs? Do it through our commodity rates API! Read the article and find out!
Lean Hog is a specific kind of hog futures contract that may be utilized for price speculation and risk management. The Chicago Mercantile Exchange, which first offered Lean Hog futures contracts in 1966, now now offers Lean Hog options.
Lean Hogs are pigs or hogs that have been grown industrially, according to commodities market jargon. The majority of the pork marketed in the US comes from these animals, who are killed for their flesh.
Using a contract for difference (CFD) derivative instrument is a common approach to trade lean pigs. Without holding the underlying assets, traders can speculate on the price of lean pigs using CFDs. The difference between the price of lean pigs at the time of purchase and its current price is the value of a CFD.
Three pounds of this feed ration are required to create one pound of live-weight gain in a hog, and the typical ratio for the feed mixture is four parts maize to one part soymeal. Because the majority of hog corpses are 73.5 percent of the animal’s live weight, the feed-to-gain ratio is closer to 4:1 when calculated using carcass weight.
Because hog prices are so volatile, lean hog futures are essential hedging tools for the pork business. These futures trading activities frequently draw a large number of speculative positions. To organize your finances and access your investment in a safe and up-to-date way, we suggest the use of Commodities-API
Concerning Commodities-API
Oil, rice, live cattle, lean hogs, corn, soybeans, coal, and other commodities are among those covered by the financial data on commodities and currencies offered by their API, and you may access it through the web platform of Commodities-API.
Operation Guidelines for the Platform
All you need to do to utilize the Commodities-API website is follow the guidelines listed below.
– Register for a new account on the website.
– Acquire an API key.
– Select the appropriate good and currency.
– Create an API request in the panel.
– After that, watch for an API response from the system.
A Reliable Website
Commodities-API SSL security is used to protect connections between web entries. Secure Sockets Layer, or SSL, is the industry-standard technique for maintaining Internet connection security, safeguarding any private data exchanged between two systems, and preventing hackers from accessing and changing any data you input.
Tradable Data
Due to its more than five years of expertise, Commodities API can provide its clients with market data from sources like the Central Bank. There are 170 potential commodities and currencies, a 60-second waiting time, and the client.
Historical Reports
You may find information about the days, weeks, months, and even years leading up to August 2021 on the Commodities-API network. In the URL, enter the date in the digital format (YYYY-MM-DD) and select “historical rates” from the drop-down menu to do this.