If you sell 1 October feeder cattle contract for $235.400cwt and offset at $251.125cwt, what is the profit or loss on the entire trade?
a)Profit of $7,862.50
b)Loss of $15.725
c)Profit of $15.725
d)Loss of $786,250
e)Profit of $786,250
f)Loss of $7,862.50
