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Cattle trader from Chicago here
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<blockquote data-quote="Jake" data-source="post: 1132655" data-attributes="member: 4"><p>Welcome to the board, you probably won't get the warmest reception as we have had a couple of traders come around before that weren't treated exactly fair.</p><p></p><p>If you had poor positions on over the past few years it would have made it easy to be on the wrong side of the rally. I fell that if you tap into the knowledge and market feel in "country" it could help you in the future. Pretty easy to get a feel for the cash cattle market by talking to some of the folks around here who spend time in trading cash cattle as opposed to trading the paper.</p><p></p><p>The biggest issue I have with hedging cattle is that the basis is so unpredictable. Unless you are trading larger volumes it's not a true enough hedge to be worth paying margin calls, at least not over the past few years in what has been a strong market. If things were to tank the basis wouldn't be such an issue.</p></blockquote><p></p>
[QUOTE="Jake, post: 1132655, member: 4"] Welcome to the board, you probably won't get the warmest reception as we have had a couple of traders come around before that weren't treated exactly fair. If you had poor positions on over the past few years it would have made it easy to be on the wrong side of the rally. I fell that if you tap into the knowledge and market feel in "country" it could help you in the future. Pretty easy to get a feel for the cash cattle market by talking to some of the folks around here who spend time in trading cash cattle as opposed to trading the paper. The biggest issue I have with hedging cattle is that the basis is so unpredictable. Unless you are trading larger volumes it's not a true enough hedge to be worth paying margin calls, at least not over the past few years in what has been a strong market. If things were to tank the basis wouldn't be such an issue. [/QUOTE]
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Cattle trader from Chicago here
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