CME Feeder Cattle Index
- Details
- Category: Commodity
The USDA established the CME Feeder Cattle Index. It also releases numerous reports, together with the Cattle on Feed report, a monthly publication that stories data on the variety of cattle in U.S. feedlots, the number of animals being positioned in feedlots, and the quantity being marketed for slaughter.
The provision and demand of feeder cattle is crucial to understanding the growth of the meat industry. The business itself faces a lot inside upheaval regarding how cattle is fed and cared for. As the trade develops and grows, consumers might discover morediversified types and qualities of beef on their tables from all around the world.
From the time of the Egyptian Pharaohs to the voyage of Columbus to the New World and beyond, gold has been revered as a logo of wealth and prosperity. Gold has also been used as currency and as a solution to prop up the fiat money of various countries. One of the most important strikes to gold- and silver-backed foreign money occurred in 1792, which was the year that the U.S. put the greenback on the gold and silver standard.
One-hundred and seventy-9 years later, in 1971, the U.S. was faraway from the gold commonplace by President Richard Nixon. This fundamental economic shift had an incredible impact on the value of gold across the globe. Roughly eight years later, on January 21, 1980, gold costs catapulted from a low of $35/ounce to a record excessive of $850/ounce, or $2,398.21 when adjusted for inflation. On March 19, 2008, gold hit a high of $1,022.40.