A South Dakota entrepreneur is working with local college students to update a software program to better predict the cattle futures market.
Todd Gagne, with the South Dakota School of Mines and Technology, first created the program with his spouse in the early 1990s for a local rancher.
“Essentially what he was doing was looking in the futures market, figuring out when his cattle would be ready to go to market, figuring out what corn price was, deducting all of those costs out, and then if he had enough of a margin, then basically he brought in calves on his property,” said Gagne.
