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<blockquote data-quote="Arnold Ziffle" data-source="post: 49384" data-attributes="member: 43"><p>csmfutures --- I was just wondering, since about the mid to later part of 2003 have you seen much more than usual cattle feeders just going naked without a hedge, since they didn't want to limit their upside so much? One of my clients usually feeds about 3,000 head all year long and, as I recall, towards the last quarter of 2003 was counseled by his hedge advisor to just drop the hedges. ( Christmas 2003 wasn't as joyous for him as it otherwise would have been, but with the passage of time it seems to have all worked out for him )</p></blockquote><p></p>
[QUOTE="Arnold Ziffle, post: 49384, member: 43"] csmfutures --- I was just wondering, since about the mid to later part of 2003 have you seen much more than usual cattle feeders just going naked without a hedge, since they didn't want to limit their upside so much? One of my clients usually feeds about 3,000 head all year long and, as I recall, towards the last quarter of 2003 was counseled by his hedge advisor to just drop the hedges. ( Christmas 2003 wasn't as joyous for him as it otherwise would have been, but with the passage of time it seems to have all worked out for him ) [/QUOTE]
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