Where to I have to deliver them?HerefordSire":31hslf47 said:
HerefordSire":32xt7tmp said:denoginnizer":32xt7tmp said:
I am thinking Kansas City. Each contract is about 40-50K pounds or about a truckload. You can navigate to the CME on the internet and find the contract specifications for feeder cattle.
HerefordSire":370188tq said:I should add.....very few investors actually deliver cattle represented by contracts. If they are in the money or out of the money, they simply cover the position the contract represents.
denoginnizer":380e6zob said:loads of 800 pound grade 1 and 2 steers this week were 88.50. Herford shire given these numbers can you give me a scenario of my expected gain or loss ?