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A bit … each customers cattle is sequestered. You get an actual cow with a name/number. You can take the cow home if you want - it’s yours. More like owning a
by pyuser583 4y ago
A bit … each customers cattle is sequestered. You get an actual cow with a name/number. You can take the cow home if you want - it’s yours.
More like owning a pet horse.
- sangnoir 4y agoIt's a little short of full-on financialization of a cattle. So, perhaps closer to beef/dairy futures? What's missing is a bank classifying the cattle, selling them fractionally, and creating a hedging instrument. If you own oil or soy futures, you can go get the product if you like (to everyone's inconvenience). This is not far off.