Question
The USDA released the following Cattle on Feed report on October 20 20XX. USDA Actual Average Guess Guess Range On Feed Oct. 1 100% 99%
The USDA released the following Cattle on Feed report on October 20 20XX.
| USDA Actual | Average Guess | Guess Range | |
| On Feed Oct. 1 | 100% | 99% | 97-101% |
| Placed on Feed in Sept. | 101% | 98% | 96-100% |
| Marketed in Sept. | 105% | 105% | 102-108% |
a. What information would you consider New information?
b. What information would you consider Old information?
c. Which Live Cattle futures contract would you expect to respond the most to this report DEC, FEB or APR? (Most cattle are fed for 180 days) Why?
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Financial Analysis And Modeling Using Excel And VBA
Authors: Chandan Sengupta
2nd Edition
047027560X, 978-0470275603
