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Hedging average and standard deviation over the 10-yr period from 2003 through 2012 comparing yearling feedlot control (FLT) steers to yearling steers grazing perennial pasture (PST) and annual forage (ANN)
| PST1 | ANN1 | FLT1 | ||||
|---|---|---|---|---|---|---|
| AVG | SD | AVG | SD | AVG | SD | |
| Hedging return | −$13.29 | 136.74 | −$3.73 | 124.82 | −$50.59 | 121.16 |
1PST = crested wheatgrass and native range; ANN = crested wheatgrass, native range, field pea–barley, and unharvested corn; FLT = feedlot control.
