Suppose you purchase a August 2020 feeder cattle futures contract on this day at the last price of the day. What will your profit or loss be if feeder cattle prices turn out to be $1.3113 per pound at expiration? Use Table 23.1. (Do not round intermediate calculations and enter your answer as a positive value rounded to 2 decimal places, e.g., 32.16.) Palladium (NYM) -50 troy oz; $ per troy oz Dec2000.002000.002000.002009.20161.50393 Platinum (NYM) -50 troy oz; \$ per troy oz. MayJuly807.60823.10807.60877.00805.10822.70864.70869.3052.2052.20842,602 Silver (CMX) - 5,000 troy oz.; $ per troy oz MayJuly17.22017.22517.58517.98517.22017.12517.46417.4680.4180.398353111,605 Crude Oil, Light Sweet (NYM) -1,00o bbl; \$ per bbl JuneJulyAugSeptDecDec2129.5329.8130.3030.9232.2535.5533.3233.1033.5233.9034.7737.8129.5329.5530.1530.6932.1335.5531.8231.6532.2732.8734.0737.302.392.132.152.182.061.7654,931308,131248,058304.304339,481129.484 NY Harbor ULSD (NYM) -42,000 gal; \$ per gal June92051.0286.91951.0064.086052,23 \begin{tabular}{|lllllll} July & 9585 & 1.0586 & .9556 & 1.0379 & .0831 & 70,002 \end{tabular} Gasoline-NY RBOB (NYM) -42,000 gal; \$ per gal JuneJuly.9700.98821.05881.0699.9682.98301.02581.0426.0556.058845,07292,197 Natural Gas (NYM) -10,000 MMBtu; \$ per MMBtu \begin{tabular}{llrrrrrr} June & 1.725 & 1.851 & 1.702 & 1.783 & .137 & 101,895 \\ July & 1.903 & 2.020 & 1.878 & 1.959 & .126 & 311,801 \\ Sept & 2.062 & 2.163 & 2.047 & 2.110 & .110 & 133,670 \\ Oet & 2.145 & 2.244 & 2.138 & 2.198 & .100 & 102,926 \\ Jan'21 & 2.965 & 3.033 & 2.964 & 2.993 & .038 & 94,105 \\ April & 2.527 & 2.566 & 2.523 & 2.541 & .022 & 69.921 \\ \hline \multicolumn{7}{c}{ Agriculture Futures } \\ \hline \end{tabular} Corn (CBT) 5,000 bu; cents per bu \begin{tabular}{lllllll} July & 320.00 & 322.00 & 318.00 & 320.75 & 1.50 & 603.507 \\ \hline \end{tabular} JulyDec320.00332.25322.00334.00318.00330.75320.75332.751.50.75603.507346,236 Oats (CBT) 5,000 bu; cents per bu MarchMay313.00270.00323.00273.754309.50267.50318.75269.506.75.752,7321,132 Soybeans (CBT) -5.000 bu; cents per bu JulyNov840.50848.00847.75855.00838.75845.75845.00852.756.507.25319.483173.440 Soybean Meal (CBT)-10o tons; $ per ton JulyDec287.80293.50288.00293.80284.50291.80285.10292.302.40.70174,19874.397 Soybean Oil (CBT) 60,000lb; cents per lb JulyDec26.6127.4327.4028.1726.6127.3827.3228.13.74.76177.48687.635 Rough Rice (CBT) -2,000 cwt; \$ per cwt JulyMay16.0611.9116.3811.9515.9911.8616.0711.95.05.046,8774,385 \begin{tabular}{|lrrrrrrr|} July & 454.25 & 455.50 & 444.50 & 446.25 & -6.00 & 121.388 \\ Sept & 461.75 & 461.75 & 451.00 & 452.00 & -6.00 & 39.334 \\ \multicolumn{2}{l}{ Cattle-Feeder (CME) 50.000lb; cents per lb } & & & \\ May & 126.175 & 127.000 & 125.500 & 126.600 & 1.875 & 2,013 \\ Aug & 132.100 & 133.700 & 131.575 & 132.550 & 1.475 & 15.413 \\ Cattle-Live (CME) 40.000lb; cents per lb & & & & \\ June & 98.000 & 100.000 & 97.175 & 98.725 & 1.725 & 46,632 \\ Aug & 98.625 & 99.825 & 97.500 & 98.850 & 1.025 & 103,245 \end{tabular} Hogs-Lean (CME) 40,000 lb; cents per lb JuneJuly58.50058.37558.80058.45057.10057.05057.65057.650.225.10032,85258,077 Lumber (CME)-110.000 bd ft, \$ per 1,000 bd ft JulySept349.80351.10351.00352.90343.30346.70346.20349.401.202.501.579715 Milk (CME)-200.000 lb; cents per lb May 12.2512.29 12.2012.24 4,600
