Longfed cattle on feed at Lotte’s Sandalwood feedlot
THE company behind a new forward pricing mechanism for livestock trading says it is expecting the market to strengthen slightly later this year – as it works to embed itself in the Australian cattle industry.
United States-based financial company StoneX launched the Australian Feeder Cattle Swap in February last year with aim of providing a forward pricing tool for cattle markets. (More on cattle swaps below this article)
The company provides a forward pricing curve, which is a mid-point of bids, offers and indications it gets from…
