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<blockquote data-quote="Texan" data-source="post: 59137" data-attributes="member: 416"><p>Rod, you seem to have gotten a good commodities sales pitch but no answer. The figures you were given on buying puts must have been for fed cattle. If you had any fat cattle ready, you probably wouldn't be asking us what to do. Late spring <em>feeder</em> contracts have been trading at around $99 to $100. That's a 5 or 6 dollar discount compared to January. Is this because of border rumors or the normal higher numbers of spring yearlings? My guess is a little bit of both.</p><p> </p><p>One thing you left out was what class of cattle you have to sell. Your key words to me were "ready for sale." My advice is that you sell cattle when they're ready if the market is acceptable at the time. I gambled just a little bit with some late calves, <em>hoping</em> to have a steady market into Spring and some good gains to get a little bit extra. But, I had already sold enough calves to recover costs and break even. The ones I've got left can't hurt me.</p></blockquote><p></p>
[QUOTE="Texan, post: 59137, member: 416"] Rod, you seem to have gotten a good commodities sales pitch but no answer. The figures you were given on buying puts must have been for fed cattle. If you had any fat cattle ready, you probably wouldn't be asking us what to do. Late spring [i]feeder[/i] contracts have been trading at around $99 to $100. That's a 5 or 6 dollar discount compared to January. Is this because of border rumors or the normal higher numbers of spring yearlings? My guess is a little bit of both. One thing you left out was what class of cattle you have to sell. Your key words to me were "ready for sale." My advice is that you sell cattle when they're ready if the market is acceptable at the time. I gambled just a little bit with some late calves, [i]hoping[/i] to have a steady market into Spring and some good gains to get a little bit extra. But, I had already sold enough calves to recover costs and break even. The ones I've got left can't hurt me. [/QUOTE]
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