Dave
Well-known member
I see that feeder futures are all on the up side of $1.40. There is a young guy here who worked in a big feedlot for years. He has a pretty good understanding of the futures and insuring a market price. He told me yesterday that you can insure a 600 pound steer right now for $1.56. That isn't bad money. I don't know what the insurance cost to do that. I will have to look into that.