Bryce Camm
A NEW forward pricing tool for the Australian cattle industry appears to be attracting plenty of interest, with a number of industry participants starting to sign on.
The swaps are brokered by United States financial services company StoneX, which launched its price risk management tool for cattle in February last year and made its first trade in October.
Opportunities presented by the new tool were discussed at the Argus Media Meat and Livestock forum in Toowoomba last week – which heard from market analysts, lot feeders and StoneX’s Sydney-based livestock and commodities…
