The index reflects the changes in the price of the commodity and increases the options of products in the market

Continuing to increase the range of products in the derivatives market, B3 is now launching an index based on the Live Cattle futures contracts (BGI), the B3 Live Cattle Futures Index (B3 IFBOI).

This launch will take place via the Indexes on Demand platform, an initiative intended to provide more agility for the creation of new indexes and that has recently been the tool for the launch of two other indexes: B3 ICBIO and B3 IFMILHO.

The B3 IFBOI is an alternative of B3, Brazil’s stock exchange, for the diversification of products: ETFs, Derivatives and other funds in general.

About Live Cattle Futures - Live Cattle Futures are agreements for the purchase and sale of arrobas (unit of weight corresponding to 33 pounds) of this animal, on a future date, through B3.  This instrument is mainly used as a means of risk management. Brazil is considered one of the world’s largest exporters of beef.

For other information on this index and investment options based on indexes, talk to us through the email: [email protected]