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ND | Not a very experienced marketer here so just looking for little insight. Few weeks ago I bought an insurance policy through livestock revenue protection and rma. Cost me 1400$ to cover my 60000$( 80 head x 750 lb steers) expiring Jan 30. Locked in at 1.40$. Now after market has bumped it looks like I could buy a put for 1700$ to protect against 1.50$ on board? . would this be a no brainer to increase my position? I am happy with my current position but can’t help but think I could lock in a little more.
Edited by Donkey13 9/18/2018 10:23
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 DC4E4DA4-E62A-43AC-B081-788FFB61C14B (full).jpeg (214KB - 64 downloads)
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Question on feeder cattle puts
