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western iowa,by Denison | if your a cow calf guy hard to buy back 100 head Macttle-sounds like he wants to protect his new calf crop-he could do it on the board on the fat end just buying some puts on close up months and roll them ahead when farther out board comes closer
on the fat end buying a 100 and replacing when you sell did not work last year as the equity burn forced a lot of guys out-you can stand $100-$200 head loss but have some friends that lost $400-$600 a head and are done feeding cattle | |
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