Monday, August 15, 2005

Chart 2 in this series of 4: Basis is the economic concept that can be used to localize the Chicago Futures Prices back to a local market -- in this case, Western and Central Nebraska. The current cash price for each weight of feeder cattle was use to calculate a basis for each weight of feeder steer. The formula was Cash minus Futures. These basis values are used to calculate the planning prices presented in the next figure in this series. Posted by Picasa

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