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Suppose you purchase a April 2017 live cattle futures contract on this day at the last price of the day. What will your profit or

Suppose you purchase a April 2017 live cattle futures contract on this day at the last price of the day.

What will your profit or loss be if live cattle prices turn out to be $1.1284 per pound at expiration? (Do not round intermediate calculations. Enter your answer as a positive value and round your answer to 2 decimal places, e.g., 32.16.)

CONTRACT

OPEN HIGH LOW SETTLE CHG OPEN INTEREST

Cattle-Live (CME)-40,000 lbs; cents per lb. Feb 117.250 117.750 116.775 117.650 .875 17,410 April 115.000 115.175 114.125 114.825 .075 144,593

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