A cattle rancher is worrying about falling cattle prices that could be much lower 3 months from now.A beef processing company is worrying about beef prices being much higher 3 months from now, to cover orders then.Both want to enter into futures contracts to lock in the future prices today.The most likely contracts entered into by each are:

A. The farmer would sell cattle futures for delivery in 3 months, the beef processor would buy cattle futures for delivery immediately

B. Both would sell cattle futures for delivery in 3 months

C. Both would buy cattle futures for delivery in 3 months

D. The farmer would sell cattle futures for delivery in 3 months, the beef processor would buy cattle futures for delivery in 3 months