If you want to discover alternatives to Trading Economics for Live Cattle prices, you should read this post. In it, we recommend the best ones.
Livestock is one of the most extensive economic activities in the world. It consists of different types of animals that serve to promote the market for the meat and dairy products, such as beef. Some also provide the elements for the textile industry such as sheep.
By the US Department of Agriculture (USDA), Brazil will export 2.7 million tons this year, trailed by the US, which will sell 1.4 million tons overseas. Brazil is estimated to account for more than 25% of total exports.
The podium is then completed by the United States, Australia, and India. Argentina is now ranked fifth, with no idea what may happen as a result of the export ban. Each Australia and India will export 1.3 million tons.
What is clear is that with the suspension of exports, other nations will profit since they will be eager to fill the vacuum and meet China’s expanding demand, which will set a new import record this year. This is especially true for Uruguay, Paraguay, and Brazil, all of which seek to grow their exports.
Argentina was the world’s fourth largest beef exporter last year, at 819,000 tons. Furthermore, it is the world’s largest consumer per capita. Saudi Arabia, China, and Brazil are the primary nations that will expand their meat exports the most. Chile and Uruguay are in the top ten, with overseas sales likely to increase by more than 5%.
Use An API
As you can see, it is one of the economic activities that is most sustained by different fluctuations in demand. That is why it is very important to be able to pay attention to price changes in cattle around the world. In this way, you can be more secure when investing or selling. For this, it is convenient to use an API.
APIs are technological tools that send information to different devices. In this way, you will be able to find out all the values of the cattle in real time if you incorporate API responses in your website or application.
This is why it is very important to decide the one that best suits your work. Here we will present you with two options that work as an alternative to the prestigious Trading Economics. With these APIs, you will probably find more practical functionality when incorporating.
Commodities-API
This is one of the most important APIs in the world for everything related to raw materials and primary products. Commodities-API works in a range of computer languages to make it very easy to program.
In addition, there you can find the current prices but also the past ones. In this way, you will be able to make a comparison and better understand what factors influence prices to determine with greater consistency the activities of the cattle market. It’s commodities spot rates API.
You will also be able to access futures contracts to understand the approximations that the market foresees for certain products. If you have to advise investors or sellers of commodities, this is the API for you.
Commoprices
CommoPrices as a Service is one of the most successful. You can access more than 15,000 products around the world such as live cattle, wheat, corn, and more. In addition, you can find more than 20 million documents. You can also develop graphs with this information. You can use it in a lot of programming languages and start to program your website or app.