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Missouri | Sounds like you need to enroll in school. Class is Livestock Options. Cost will varys with time and deductable purchased. Getting a broker that understands cattle trades is hard to do. Good ones for grain, they can limp along with cattle, really not much difference. After getting use to using options as insurance, it becomes just another operating expense. Important to understand insurance vs speculation. I would think the current turn of cattle you have is easy, next turn will have todays replacement cost, ouch. Putting money on the table is the best way to learn options. Repeat understand insurance vs speculation. Very Important Difference. Good Luck. Sorta like flying in a plane and they give warnings before take off about O2 masks. | |
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Opinions wanted on cattle market...
