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Brazilton KS | More often then not, all you can "lock in" on cattle is a loss. In my opinion the more effective way to achieve something resembling a hedge in cattle is by always buying the next set in the same market as you are selling the previous set. Consider the initial set of cattle to be a cost of entry, look at the cattle in the lot as your capital investment, and look at sale price vs replacement cost to judge the success of the turn.
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