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2. (1 point) Today (January 11, 2022), the price for the February 2022 Lean Hogs futures contract is 77.85 cents per pound. On October 6,

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2. (1 point) Today (January 11, 2022), the price for the February 2022 Lean Hogs futures contract is 77.85 cents per pound. On October 6, 2021, you took a short position in the February 2022 Lean Hogs contract when the price was 84.125 cents per pound. The price on the February 2022 contract was 74.325 cents per pound on October 27, 2021 and 84.250 cents per pound on November 24, 2021. If your total position was for four contracts, what was your total gain/loss If you closed out the position today? Each contract is for 40,000 pounds

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