Suppose you purchase a August 2020 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 $.9738 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.)

Suppose you purchase a August 2020 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 $.9738 per pound at expiration? Use Table 231. (Do not round intermediate calculations and enter your answer as a positive value rounded to 2 decimal places, e.g., 32.16.)