5. What would your net selling price be, if you closed out your hedge in April at $90.00 per hundredweight and $88.50 per hundredweight was the local cash price you received for the cattle? 6. What would be your net selling price if the basis weakened and the April futures were $91.00 per hundredweight and the local cash price was $88.00 per hundredweight? 1 7. If the basis strengthened and April futures are trading at $92.00 per hundredweight with local cash prices at $91.00 per hundredweight, what is the expected selling price