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.
Fall off the barn roof and busted your keister? Life on the farm or ranch can be tough on the bum. Need a break? Laugh it off at FarmerCowboy.com, the #1 farm humor site. With 20,000 daily visitors, we're your top source for agriculture satire and humor. Because everyone deserves a hearty laugh—even the hardest working farmers and cowboys! Join us and turn those long days into fun tales at FarmerCowboy.com.
FARM.fm’s free music enhances our work environment and boosts productivity.