Introduction: Let us assume that it is March 5, 2024, and you run a feedlot operation...

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Introduction: Let us assume that it is March 5, 2024, and you run a feedlot operation (VanderWal Farms) in Volga, SD. Assume your feed inventory is adequate until August 25, 2024. At that time, you estimate that you will need purchase 25,000 bushels of corn in the cash market to feed your expected inventory of cattle after August 25th. You are worried about rising corn prices and you decide to implement a hedge using Futures Contracts for corn on March 5, 2024. To analyze this hedging problem, you will need the gather commodity market information and this information will provide your answers to the questions below. Show all work for all answers you need to calculate. No work, No Points! Introduction: Let us assume that it is March 5, 2024, and you run a feedlot operation (VanderWal Farms) in Volga, SD. Assume your feed inventory is adequate until August 25, 2024. At that time, you estimate that you will need purchase 25,000 bushels of corn in the cash market to feed your expected inventory of cattle after August 25th. You are worried about rising corn prices and you decide to implement a hedge using Futures Contracts for corn on March 5, 2024. To analyze this hedging problem, you will need the gather commodity market information and this information will provide your answers to the questions below. Show all work for all answers you need to calculate. No work, No Points!