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UPDATED PRICES ON BROKENMOUTH'S FEEDER CATTLE OPTIONS TRADE
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<blockquote data-quote="Texan" data-source="post: 59965" data-attributes="member: 416"><p>I'm getting a little confused, Richard. Maybe you can help me out. I thought we were in this to scotch the position we have by already owning cattle? If commissions were almost $2/hd just to set up this <em>one trade</em>, that could get into big money quick for most cattlemen if we keep on covering different positions. Many of us jump at the chance to cut annual cow costs by 50 cents a head. If you can't understand the importance of that, you and I don't even speak the same language.</p><p></p><p></p><p>This is where you add to my confusion. Are we now "longer term position traders........after much larger returns?" That sounds like a spec trader to me, not a cattleman. I know I'm repeating myself, but <em>I thought we were in this to hedge the position we already hold by owning cattle?</em> We're not after "much larger returns." All we started out wanting was to manage our risk. We're cattlemen. Remember? You make it sound more speculative. In spite of your constant warnings.........</p></blockquote><p></p>
[QUOTE="Texan, post: 59965, member: 416"] I'm getting a little confused, Richard. Maybe you can help me out. I thought we were in this to scotch the position we have by already owning cattle? If commissions were almost $2/hd just to set up this [i]one trade[/i], that could get into big money quick for most cattlemen if we keep on covering different positions. Many of us jump at the chance to cut annual cow costs by 50 cents a head. If you can't understand the importance of that, you and I don't even speak the same language. This is where you add to my confusion. Are we now "longer term position traders........after much larger returns?" That sounds like a spec trader to me, not a cattleman. I know I'm repeating myself, but [i]I thought we were in this to hedge the position we already hold by owning cattle?[/i] We're not after "much larger returns." All we started out wanting was to manage our risk. We're cattlemen. Remember? You make it sound more speculative. In spite of your constant warnings......... [/QUOTE]
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UPDATED PRICES ON BROKENMOUTH'S FEEDER CATTLE OPTIONS TRADE
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