What will be the live cattle price in Brazil at the end of 2021?
Market Rules
Live cattle prices have reached an all-time high in 2021, not seen even in times of significant past scarcity. Amid the global health emergency of COVID-19, the international feeding uncertainties had an impact upon commodity prices, such as live cattle, in unexpected ways.
The alternative that more precisely represents the closing price of 14.69 kg (1 “arroba”) of live cattle sold on the spot in Brazil on December 30, 2021, will be the considered the winning for this market.
This market will be resolved based on data from the Cepea/B3 live cattle index, as available at https://www.cepea.esalq.usp.br/br/indicador/boi-gordo.aspx.