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New Mexico | a floor.
Generally those puts will expire worthless and you'll sell net cash for more dough.
( granted tight wad here so would try to buy something like a 94 put for a nickel to a dime per cwt...perhaps go to a bid/ask...generally costs around $80 per load including commisssions )
October/November CASH traditional type fat cattle...we're going to $117 cwt.
Next spring, 011 we'll be in the $117 to $135 cwt range.
Edited by Markwright 9/1/2010 12:22
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Where do you feel Fat cattle prices are headed?
