Spot Price
Definition: spot price
spot price: the market price for produce or livestock at a specific time. If most of the feeds needed can be bought forward during dips in the market, the end result is a high quality, highly competitive diet and significant feed cost savings compared to spot prices. [Farmers Guardian]. Monitoring spot prices helps farmers make informed decisions about sales and purchases, optimizing profitability.
Originally posted 2004-12-10 12:15:55.
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