Are you a US farmer? Or are you interested in investing in live cattle? You know that you can do it through a commodities rates API?
The market for cattle on a worldwide scale is enormously profitable. To feed the world’s expanding population, cattle are mostly processed into meat, however byproducts are also utilized to make things like leather and gelatin.
Contrary to other commodities, there are fewer speculators trading cattle, and many market players do so to protect themselves from risk exposures. A cattle enterprise may need more than ten years to establish from scratch, but even a few years of difficult conditions can be devastating to a farmer’s herd. As a result, the market is highly cyclical and susceptible to erratic price changes.
Live cattle and feeder cattle are the two categories of cattle that are traded. This succinct explanation of the cattle production process outlines the distinctions between the two:
- Cows and bulls are bred by farmers either naturally or, increasingly frequently, by artificial insemination.
- After birth, calves are raised by their mothers for six to eight months.
- The calf is weaned from its mother after it weighs between 500 and 600 pounds and nurtured on the ranch for six to ten months after that.
- When a calf weighs between 600 and 800 pounds, it is considered to be a feeder cattle, ready for fattening up on high-energy fodder before being killed.
- Farmers divide the herd, keeping the reproductively competent animals for future breeding, and designating the animals that will be killed. Many factors, such as poor health, advanced age, or excessive feed expenses, might lead to the selection of cattle for slaughter.
We shall reveal that the inventory of cattle in the United States is 88.5 million animals, of which 9.4 million cows are milked for milk and 32.5 bellies are reared for meat, in order to better comprehend the cattle market there. There are 1,482 million cattle in existence worldwide, 525 million of which are on the American continent.
With all these types of factors and US market numbers for which they could start investing in live cattle, we recommend the use of Commodities-API, a platform that will provide you with real-time market information.
Let’s Discuss Commodities-API.
Data about many different commodities, including coffee, rice, coal, oil, and many more, is traded on the Commodities-API website, which is managed by an API. You may choose from a wide variety of foreign currencies as well.
Start Work With This Site
Commodities-API is a very easy tool to use, and all you have to do is adhere to the given instructions.
- Register and make an account on the website.
- Find the products and currencies you’re interested in by getting an API key.
- An API call request will result in an API response from the website system.
Great Data Reliability
Just with 170 choices to pick between commodities and currencies, the data given by Commodities-API has a search time of up to less than 60 seconds. With 170 possibilities for selecting between commodities and currencies and a decimal spacing of 2, the data given by Commodities-API has a search time of up to less than 60 seconds.
Important Level Of Safety
On the Commodities-API website, security is provided via a protocol, in which security is accomplished using an encrypted link between a web server and a web browser. Many banking organizations utilize this kind of security.