27 21 18 30 33 Assume you are a corn farmer, and you want to lock in a price for part of your upcoming harvest. You see that the December futures contracts are currently trading at $7.10/bu, and you anticipate basis to be $-0.05/bu. What is your anticipated hedge price? Your Answer: Answer 36 Question 33 (3 points) 39 units Assume you're a cow-calf operator and you locked in a price for part of the feeder canle you expect to be selling Consider the following levels of closing futures, $195ewt, and basis, 5-14/cwt, at selling time. What is your cash selling price? Your Answer: Answer units Show AS 21 27 18 Question 34 (3 points) You are a cattle feeder, and you had hedged the purchase price for your feed costs by hedging with a futures contract at $5.67/bu. You are now ready to purchase the corn that you had hedged. You offset the futures contract at the same time at $6.52/bu Your ending basis is 5-0.30ba Calculate your CASH purchase price. Your Answer: 33 36 39 Answer units Question 35 (3 points) Assume you're a cow-calf operator and you want to lock is a price for part of the feeder cattle you expect to be selling. You see that the fixtures contracts for feeder cattle are curently trading at $174/cwt, and you expect to have a basis of 50cwt. What is your expected bedge price if you sell a futures contract at this price? Your Answer: Answer units