26 21 27 21 29 30 81 Question 28 (3 points) You are cattle feeder, and you want to provide some price pestection for you upcoming feed costs. Currently the nearby co futures are trading at 56.75ba The elevator usually quotes you a price that is $-0.10% under futures for corn. You place the bedge Calculate your expected bedge price Your Answer: 32 33 4 35 36 21 7 38 18 39 1 41 FM Answer units Question 29 (3 points) Aw you locked in a price for part of the feeder cetle you expect to be selling by selling a fate 336 Comder the following levels of closing fun, 51 Phew, and his at your local by, 30t, a sling . What is your nat help price, using that you offset your future and sell the cate local buyer Your Answer: Answer 3 36 39 You are a cattle feeder, and you had hedged the purchase price for your feed costs by hedging with a futures contract at $6.31/bu. You are now ready to purchase the com that you had hedged. You offset the futures contract at the same time at $7.13/bu. Your ending basis is 50.05/bu. Calculate your gain or loss on the futures contract. Be sure to signify your number with a negative sign in front if it is loss. Your Answer: Answer units Question 31 (3 points). syder On June 20 you decide Noving $12.20 per bush The Your Answer: Answer units Shew