You may need to use the CME Group website to find information on the contract specs and margin amounts to complete this assignment

On September 30 you established a long futures position on four May 20 corn futures at 3910.

1. How much money did you need to deposit into your margin account to establish this long position? Remember to include the Maintenance volume scan. (10 points)

2. Given the information complete the table. The margin account balance should be after any daily gains or margin calls are deposited into your margin account. (20 points)

Date	Settle Price	Daily Gain/Loss per bu	Total Daily Gain/Loss ($)	Amount of Margin Call (If any)	Margin Account Balance (after any margin calls)
9/30	4052
10/1	4094
10/2	4046
10/3	4060
10/4	4024

On September 30 you established a short hedge for 160,000 pounds of live cattle that you will be selling in May 20. To hedge the sale of the live cattle went short the June 20 live cattle futures that were trading at 116.850.

1. How many June 20 live cattle futures contracts did you need for the 160,000 pounds? How much money did you need to deposit into your margin account to establish this short position? (10 points)

2. Given the information complete the table. The margin account balance should be after any daily gains or margin calls are deposited into your margin account. (20 points)

Date	Settle Price	Daily Gain/Loss per lb	Total Daily Gain/Loss ($)	Amount of Margin Call	Margin Account Balance
9/30	111.425
10/1	111.225
10/2	112.150
10/3	112.450
10/4	112.150