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Cattle
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brads by laws
Posted 2/14/2016 10:17 (#5110346 - in reply to #5109979)
Subject: RE: Cattle


I guess...........but here's what that taking away those trading hours does for me. I trade a great majority of my cattle to a regional packer. They don't contract cattle. I hedge those cattle on the board. I've got one day a week to take their bid. Often times that bid may come right at noon or after. If I take that bid in the afternoon and I can lift hedges in the afternoon.............I can protect my margin. I can avoid the very funny business I at times complain about. Its not all funny business either. There are enough outside forces affecting markets that taking that bid only to have markets open with a limit move against me makes hedging on the board, margining that account only to have it not do what I need it to do less then appealing to me.
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