Spot Price

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.

1 thought on “Spot Price”

Leave a Comment