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<blockquote data-quote="ManyHorses" data-source="post: 59099" data-attributes="member: 1016"><p>It ain't no 'edujucated guess' when it comes to the fact that ranchers and farmers are always the last ones to make a profit and the first ones to take a loss... </p><p></p><p>Right now, by buying an 'April 88 cent Put' a rancher could protect 40,000# of his cattle from now till April 1st of 2005 for $1390.00... with absolutely no risk beyond the $1,390.00 option premium.</p><p></p><p>On 50 head of 800# cattle, it's only going to cost him slightly more than 1 head to entirely insure himself that he'll get the current extremely high market prices.</p><p></p><p>Sound pretty 'edjucated' to me... Richard</p></blockquote><p></p>
[QUOTE="ManyHorses, post: 59099, member: 1016"] It ain't no 'edujucated guess' when it comes to the fact that ranchers and farmers are always the last ones to make a profit and the first ones to take a loss... Right now, by buying an 'April 88 cent Put' a rancher could protect 40,000# of his cattle from now till April 1st of 2005 for $1390.00... with absolutely no risk beyond the $1,390.00 option premium. On 50 head of 800# cattle, it's only going to cost him slightly more than 1 head to entirely insure himself that he'll get the current extremely high market prices. Sound pretty 'edjucated' to me... Richard [/QUOTE]
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