Posted 3/31/2012 22:31 (#2315295 - in reply to #2313545) Subject: Re: holy cow-I think Im stopped out-June contract
A cattle feeder is already long the day he bought the calves and put them in the yard. Buying a long futures contract was pure speculation, nothing more, nothing less. There was absolutely nothing about that trade that was based on protecting your cost of production. Next time put it down to playing the casino at home and losing the bet. You did that yourself, not Markwrite.