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<blockquote data-quote="ManyHorses" data-source="post: 59154" data-attributes="member: 1016"><p>Caustic Burno... I'm a cattle rancher probably a lot like you. Sorry if I sound a bit too 'edjucated' but I guess I am... and since I found this site earlier today, I'm willing to step out and share my knowledge without any 'axe to grind'... I have nothing to offer you other than my knowledge.</p><p></p><p>Texan... You're on the right track with the numbers. </p><p></p><p>Here's a little trick for you... As long as I'm not intending deliverability, I use either Feeder or Live cattle contracts to my own best advantage... I NEVER SPECULATE and either hedge my own cattle, or buy a Put or Call and spread against it, thereby immediately getting all my money back and locking in my profit range and risk.</p><p></p><p>Hope this helps, Richard</p></blockquote><p></p>
[QUOTE="ManyHorses, post: 59154, member: 1016"] Caustic Burno... I'm a cattle rancher probably a lot like you. Sorry if I sound a bit too 'edjucated' but I guess I am... and since I found this site earlier today, I'm willing to step out and share my knowledge without any 'axe to grind'... I have nothing to offer you other than my knowledge. Texan... You're on the right track with the numbers. Here's a little trick for you... As long as I'm not intending deliverability, I use either Feeder or Live cattle contracts to my own best advantage... I NEVER SPECULATE and either hedge my own cattle, or buy a Put or Call and spread against it, thereby immediately getting all my money back and locking in my profit range and risk. Hope this helps, Richard [/QUOTE]
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