When you say there is no basis thru history, can you expand? Not sure if you mean it just isn't out there, or if there is no way to calculate it. My thought was to get historical local cattle prices as well as historical futures data, then the appropriate numbers to get the basis.
My main goal is to see if there are any cyclical/seasonal swings. Well, my main goal is to hedge against a market drop, which is really the driver behind all this. I've also read its near impossible to get LRP anymore. Any insight here would be appreciated too!
As far as 40 loads delivered. I did not know that. Not sure that it matters, unless you're implying that due to lack of 'real' delivery, the numbers might not be set in reality?
Anything you are willing to share would be appreciated, all new to me! Thanks for pointing me in the right direction!