Question: Listed here are some commodity futures contracts, and some possible users of these contracts. State (i) which contract each user would be most likely to

Listed here are some commodity futures contracts, and some possible users of these contracts. State (i) which contract each user would be most likely to use to hedge its risk and (ii) whether it would be likely to buy or sell the contract.

a. Oil futures

b. Wheat futures

c. Lumber futures

d. Copper futures

e. Live cattle futures

A. An airline

B. A Kansas wheat farmer

C. A Texas cattle ranch

D. A meatpacker

E. A home builder

F. An oil producer

G. A milling company

H. A mining company

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