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Settlement price of LRP
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Long legs lashank
Posted 2/1/2024 21:14 (#10604360 - in reply to #10604331)
Subject: RE: Settlement price of LRP


Central Illinois
I was told when I decided to try it on a few loads of fats that the fat cattle were settled off of the five area average. First loads I had covered settled on Jan. 26. Guess I’ll find out pretty quick if I understood it correctly. Feeder cattle settle off of the cme feeder cattle index.

Edit to add: the way things have been going I wonder if it wouldn’t be more important to be buying calls on the replacements!

Edited by Long legs lashank 2/1/2024 21:17
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