The commodity futures market is one on which people's views are extremely varied. On the one extreme are beliefs that the futures market is a cure-all; the greatest thing since sliced bread; a tool which the cattle feeder cannot afford to do without. On the other extreme are beliefs that the futures market is the next thing to a Nevada casino; it is the surest way to make a small fortune out of a big one; something which should be avoided like the plague.
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Department of Animal Science, Agricultural Experiment Station, South Dakota State University
Murra, Gene E., "Guidelines for Using the Cattle Futures Market" (1977). South Dakota Cattle Feeders Field Day Proceedings and Research Reports, 1977. 14.