If in January you actually sell those feeder cattle in the cash market for $158/cwt. and if the January Feeder Cattle futures are $161 then what would be your net price received if you had purchased the $156 put for $4.70/cwt? $ /cwt. What would be your net price received if you had purchased the $153 put for $3.50/cwt.? $ Icwt. If in January you actually sell those feeder cattle in the cash market for $148/cwt. and if the January Feeder Cattle futures are $152 then what would be your net price received if you had purchased the $156 put for $4.70/cwt? $ /cwt. What would be your net price received if you had purchased the $153 put for $3.50/cwt.? $ Icwt