You don't need "inventory" to purchase futures. Only money and balls and many times it can be done with no money.Son of Butch":2u9xe6i3 said:Futures are the best estimate as to future prices.
Good indicator as they are based on real money buy/sell contracts by producers with enough skin in the game to control risk. The problems arise when 'experts' get involved as investment advisors on how to profit from market fluctuations with buying and selling contracts to those with no or limited inventory as investment opportunities.
You don't need any inventory but there's a $10,000 buy in last time I checked.TexasBred":3d8u1rgm said:You don't need "inventory" to purchase futures. Only money and balls and many times it can be done with no money.Son of Butch":3d8u1rgm said:Futures are the best estimate as to future prices.
Good indicator as they are based on real money buy/sell contracts by producers with enough skin in the game to control risk. The problems arise when 'experts' get involved as investment advisors on how to profit from market fluctuations with buying and selling contracts to those with no or limited inventory as investment opportunities.
So true and they are called speculators. Their participation is a form of legalized gambling and adds volatility as the market seeks it's true value.TexasBred":4txf2hav said:You don't need "inventory" to purchase futures. Only money and balls and many times it can be done with no money.
dieselbeef":1d20s6iu said:i was looking at it to predict price fluctuations to my advantage
Yep.....due by market closing time that afternoon. A lot can happen in a few hours. That's where the big balls come in.ga.prime":2mjzhsms said:You don't need any inventory but there's a $10,000 buy in last time I checked.TexasBred":2mjzhsms said:You don't need "inventory" to purchase futures. Only money and balls and many times it can be done with no money.Son of Butch":2mjzhsms said:Futures are the best estimate as to future prices.
Good indicator as they are based on real money buy/sell contracts by producers with enough skin in the game to control risk. The problems arise when 'experts' get involved as investment advisors on how to profit from market fluctuations with buying and selling contracts to those with no or limited inventory as investment opportunities.
Jogeephus":25pzdwj9 said:If I recall correctly, Hillary Clinton made a bunch of money on cattle futures. I think she even ended up getting some manure on her in her trades even though she didn't own any cattle.
I like to look to the past to predict the future of cattle prices.dieselbeef":1bdjb3a3 said:i was looking at it to predict price fluctuations to my advantage