I compare this cattle market to $8.50 corn. You need to sell it at some point ! A few years ago it was quite fun loading $8 cash corn out of the bin. Even didn't mind scooping into the sweep auger. Sold my feeder calves a few weeks ago for around 2K per head. I bet at some point in the future that will look incredibly good ! Anyway, I've decided to use options on this cattle market, at least for now. Bought an out of the money put. Volatility seems pretty low for how crazy this market might become. 4 months till expiration on the June gives em plenty of time. I'll be adding more soon