What it is
Cattle that have been fattened in a feedlot and are ready for slaughter. The futures contract is the United States reference for beef at the farm gate.
How it is usually quoted
US cents per pound.
This is the customary unit of the reference market. Other markets for the same commodity may use another unit or currency, and an exchange can change a contract’s terms: its own rulebook is the authority.
Where the reference contract trades
CME.
Named for orientation only. Naming an exchange or a market here does not mean that GIO4X gives access to it.
What commonly moves it
- Demand for beef, which rises in the summer grilling season
- The cost of feed
- The size of the herd, which drought can cut for years
- The capacity of meat-packing plants
- Export demand
These are the things people who follow this market usually watch. They explain how the market works; they do not say what the price will do next.
Where it comes from
The United States, Brazil, China, the European Union, Argentina and Australia are the largest beef producers.
The order of producers changes from year to year, so no quantities or shares are given here.
At GIO4X
Live cattle is not offered as a GIO4X instrument. This page is general education about a market that exists elsewhere, and nothing on it means that GIO4X quotes, trades or gives access to it.
The commodities GIO4X does list are Brent crude, gold, natural gas, palladium, platinum, silver and WTI crude.
Words worth knowing
A reference page. Educational information, not investment advice or a recommendation to trade. It gives no price and no forecast.