MSR Cattle – Exposure, Dollar Weighted Index
The MSR Cattle Dollar Weighted Exposure Index shows the total return of being long one CME Live Cattle futures contract (the “current” contract, which is the most liquid) through time. This is “dollar weighted” because an investor can simply divide the number of dollars they want to invest by the current dollar value of the CME Live Cattle contract and own that number of contracts for perpetuity.