Question $44$

$2$ pts

April $2024$ live cattle futures are trading at $$\frac{183\mathrm{.}600}{?}$ cwt$.$ June $2024$ live cattle futures are trading at $$\frac{178\mathrm{.}675}{c}wt.$ For lowa, the $3-$year average historical basis for live cattle marketed in April is $+$$$\frac{2\mathrm{.}92}{?}$ cwt and the $3-$year average historical basis for live cattle marketed in May is $+$$$\frac{8\mathrm{.}72}{c}wt.$ Using the futures prices and lowa historical basis levels, what is the price prediction for lowa live cattle in April $2024$ and May $2024?$

a$.$ April $2024=$$$186\mathrm{.}520,$ May $2024=$$$187\mathrm{.}395$

b$.$ April $2024=$$$180\mathrm{.}680,$ May $2024=$$$169\mathrm{.}995$

c$.$ April $2024=$$$186\mathrm{.}520,$ May $2024=$$$192\mathrm{.}320$

d$.$ April $2024=$$$181\mathrm{.}595,$ May $2024=$$$187\mathrm{.}395$

e$.$ April $2024=$$$183\mathrm{.}600,$ May $2024=$$$183\mathrm{.}600$