Beef is one of the most sought-after agricultural products. On a global scale, about 134 billion pounds of beef are consumed every year. In 2019, the U.S. alone accounted for approximately 27 billion billion pounds, making it a primary contributor to the $1 trillion annual meat and poultry industry. According to the United Nations Food… Read more.
According to the U.S. Department of Agriculture, in 2018, cattle sales accounted for $67.1 billion in revenue and 18 percent of the total American ag market. Given this exceedingly large industrial footprint, cattle futures are attractive instruments for speculators and hedgers alike. Live vs. Feeder Cattle When it comes to trading cattle futures, there are… Read more.