How to complete a t-account

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Reference no: EM133659562

Question: How to complete a T-account in the table below for a feedlot that places feeder cattle on feed in September. Use the information in Table 8.1 (or the CME Group's website) to determine the appropriate futures contract expiration month for this feedlot. Also use the T-accounts in Figure 8.6 as a guide.

- Beginning of the planning period (September): The appropriate futures contract is trading at $130.00 per cwt when the cattle are placed in September.

- End of the planning period (January): The cattle are finished and ready to be sold. The spot price the cattle will receive is $120.00 per cwt. The appropriate futures contract is trading at $118.00

Reference no: EM133659562

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