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Question 4 3 pts An ostrich meat processing company would like to hedge the sale of 600,000 pounds of ostrich meat using a new futures
Question 4 3 pts An ostrich meat processing company would like to hedge the sale of 600,000 pounds of ostrich meat using a new futures contract on ostrich meat. One ostrich meat futures contract is for the delivery of 40,000 pounds of ostrich meat. a) Should the company long or short the futures contract? Please input long or short in lower case. Your answer: b) How many futures contracts should the company trade? Please input only the number of contracts to trade; round the number to the nearest whole number. Your
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