One-Fifth of U.S. Beef Capacity Wiped Out by JBS Cyberattack

Re:One-Fifth of U.S. Beef Capacity Wiped Out by JBS Cyberattack by simtel20 on Tuesday June 01, 2021 @07:06PM (#27362618)

Also, aren't forward contracts by definition unsecured as compared to a futures market?? If the supplier genuinely doesn't have supply or goes out of business, you've lost your money, right?

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Re:One-Fifth of U.S. Beef Capacity Wiped Out by JBS Cyberattack by ska on Tuesday June 01, 2021 @08:11PM (#27363165)

You can contract around anything, including penalty clauses. But yes if there isn't any X to be had, your agreement to take delivery isn't really helpful today.

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