TeachMeFinance.com - explain Beef (cattle) price index (BPI)
Beef (cattle) price index (BPI) The term 'Beef (cattle) price index (BPI) ' as it applies to the area of agriculture can be defined as ' An index of the weighted average annual price for beef cattle, excluding calves, for a 16 western state area as compared with a specific base period equal to 100. This index is used in calculating federal grazing fees'.
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