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Sample Futures Contracts

Contract	Unit
Live Cattle	40,000 lbs.
Boneless Beef	20,000 lbs.
BFP Milk	200,000 lbs.
Butter	40,000 lbs.
Cheddar Cheese	40,000 lbs.
Random Length Lumber	80,000 board feet
British Pound	62,500 British Pounds
Canadian Dollar	100,000 Canadian Dollars
Deutsche Mark	125,000 Deutsche Marks
Japanese Yen	12,500,000 Japanese Yen
Standard & Poor's 500	$250 x S&P 500 Stock Index
Nikkei 225 Stock Average	$5 x Nikkei Stock Index
13-Week US T-Bill	$1,000,000
1 Year US T-Bill	$500,000
Gold	1 Kilo or 100 Ounces

The Long And Short Of It

Remember when we talked about things getting a bit more complicated? Well, we are getting closer. But before we delve into it let’s cover an important concept in investing, one that not only relates to futures but also to stocks, options, and other instruments. The concept …