Hedging with Futures Assignment 3 Question 1 For each of these futures contracts, identify the price quotation as found in the contract specs Express the quotes in terms of dollars per unit. I have used the sugar futures as an example. (10 points) Futures Contract Price Quotation Price Quote on the CME 0.1252 Futures price expressed as S/unit $0.1252/lb Mar 20 No 11 sugar Dollars and cents per pound Mar 20 Com 403'6 Feb 20 Lean Hogs 79.275 Jan 20 Feeder Cattle 142.250 Jan 20 Soybean Meal 310.2 Mar 20 Oats 294'2 Question 2 Suppose you had hedged the purchase of some lean hogs. When you set the hedge did you take a long or short futures position with lean hog futures? Would the lean hog futures price have to increase or decrease for you to have a loss on your futures? Explain why this would lead to a loss. (10 points) Hedging with Futures Assignment 3 Question 1 For each of these futures contracts, identify the price quotation as found in the contract specs Express the quotes in terms of dollars per unit. I have used the sugar futures as an example. (10 points) Futures Contract Price Quotation Price Quote on the CME 0.1252 Futures price expressed as S/unit $0.1252/lb Mar 20 No 11 sugar Dollars and cents per pound Mar 20 Com 403'6 Feb 20 Lean Hogs 79.275 Jan 20 Feeder Cattle 142.250 Jan 20 Soybean Meal 310.2 Mar 20 Oats 294'2 Question 2 Suppose you had hedged the purchase of some lean hogs. When you set the hedge did you take a long or short futures position with lean hog futures? Would the lean hog futures price have to increase or decrease for you to have a loss on your futures? Explain why this would lead to a loss. (10 points)