Author: Hsiao-Yu LeePublisher:
ISBN:
Category : Cattle
Languages : en
Pages : 224
Book Description
Marketing Strategies for Feeder Cattle Using the Commodity Futures Market
Author: Hsiao-Yu LeeCommodity Marketing from a Producer's Perspective
Author: Donald G. ChafinPublisher: Prentice Hall
ISBN:
Category : Animal industry
Languages : en
Pages : 372
Book Description
Fluctuating commodity prices provide an opportunity to teach marketing principles from an applied perspective. That perspective is the thrust of this book. Though much of the material centers around the commodity futures market, various marketing tools are defined and described, with an explanation given for applying each tool to decision making in the marketplace. Used as a manual, Commodity Marketing can transform producers from sellers to merchandisers. The more commodity producers learn about how markets function, the better will be their marketing decision.
A Comparison of Selected Feeder Cattle Marketing Strategies Using Options on Futures and the Futures Market
Author: Deborah K. HagermanPublisher:
ISBN:
Category : Cattle trade
Languages : en
Pages : 158
Book Description
Agricultural Marketing
Author: Wayne D. PurcellPublisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 488
Book Description
Marketing in perspective; The market system and the operating environment; Prices and price analysis; Commodity futures and hedging; Decision models, techniques, market strategies; Current issues and a look ahead.
Marketing Livestock and Meat
Author: William H LesserPublisher: CRC Press
ISBN: 1351433547
Category : Technology & Engineering
Languages : en
Pages : 508
Book Description
This groundbreaking volume presents a comprehensive view of the many concerns of those involved with livestock and meat marketing. During the 1980s, livestock production faced some critical changes. Product and feed prices became less stable, cycles lost their century-old patterns, both competition and trade barriers seemed to rise, and market outlets shrank in number and ownership diversity. At the same time, the United States demography became increasingly older, while new and confusing health concerns about red meat arose rapidly. This practical book introduces the reader to a range of issues of the livestock marketing system and looks ahead to such future issues as biotechnology, human health, and food safety. Considerable interest is given to international trade, an increasingly important sector in the market. Marketing Livestock and Meat is a concise and convenient compendium of diverse information. It provides functionaries in the system with an overall concept of how the market functions as a whole to promote better skills and strategies for marketing of red meats. The author describes specific applications vital to successful operation of the complex and far-reaching marketing system of meat and livestock, including international trade, grades and grading, health matters, demand for meat, price reporting and electronic markets, costs and benefits, and their combination into marketing strategies for producers. To supplement the research, theories, and strategies presented in this important book, there are many charts, graphs, and photographs. All persons connected to the marketing of meat and livestock--undergraduate students in North America, foreign students interested in exporting meat to the U. S., and most segments of the livestock sector, including supply and processing firms and retailers--will benefit from this important book.
Actual and Potential Use of the Livestock Futures Market by Illinois Producers
Author: Raymond M. LeutholdPublisher:
ISBN:
Category : Cattle trade
Languages : en
Pages : 36
Book Description
Custom Feeding and the Futures Market as a Marketing Alternative for Wyoming Cattle Producers
Author: Rollo Lee EhrichPublisher:
ISBN:
Category : Agriculture
Languages : en
Pages : 28
Book Description
Futures Trading, Direct Marketing, and Efficiency of the Cattle Marketing System
Author: Rollo Lee EhrichPublisher:
ISBN:
Category : Agriculture
Languages : en
Pages : 38
Book Description
An Econometric Model of Pacific Northwest Feeder Cattle Basis
Author: Cynthia Ann VanderpoolPublisher:
ISBN:
Category : Beef cattle
Languages : en
Pages : 200
Book Description
Fluctuating feeder cattle prices have a direct affect on the revenue variability of feeder cattle producers. Hedging in the commodity futures market is a marketing strategy which can, if properly used, reduce the financial risk of feeder cattle producers. If the closing basis value is known when a hedge is placed, a price can be established for the feeder cattle in advance. This fact prompted research in determining the factors which affect nearby feeder cattle basis in the Pacific Northwest. This research is an attempt to identify factors which influence the feeder cattle basis through their influence on the prices which compose the basis -i.e., the cash and futures prices. The feeder cattle cash price has been established as a function of the factors affecting the profit of feedlot operations. Controversy exists on the factors which influence the futures price of livestock products; however, the use of technical indicators is well established in the literature. For the purposes of this research feeder cattle basis is developed as a function of the profit factors and a lag-trend indicator along with dummy variables which influence feeder cattle futures contracts over time. The profit factors include expected slaughter price, corn price, and interest rate values. These profit factors are expected to influence the cash price of feeder cattle. The lag-trend indicator is a calculated trend of the basis over the past two time periods and is expected to represent the analysis made by traders in both the futures and cash markets of past events or prices. This analysis by traders in the futures market will be similar to their use of technical indicators. In specifying the model, two methods of analyzing the expected affects of the profit factors on the basis are acknowledged. In this research, the profit factors are assumed to influence only the cash price. Therefore, the effect of the factors on basis is hypothesized by making assumptions about the price movement of the feeder cattle futures price. The analyses produce various hypotheses about the expected effects of the profit factors on basis. The empirical results produce evidence that the estimated equations explain a good proportion of the Pacific Northwest basis of feeder cattle for light and heavy weight categories. After a close analysis of the profit factors, corn price is concluded to have a positive influence on 500-600 pound feeder cattle basis and a negative influence on 700-800 pound feeder cattle basis. However, due to the inability of the methods to hypothesize the effect of slaughter price on basis and/or to hypothesize, with consistency, the correct signs of the estimated interest rate coefficient, conclusions are not made about their influences on the basis. Feeder cattle producers can apply the information produced in this research in making hedging decisions. However, a thorough knowledge and analysis of hedging theory and market conditions should be undertaken first. Since a predicted closing basis is needed by feeder cattle producers to establish a "locked-in" cash price, further research in developing a forecasting model of feeder cattle basis is warranted.
Marketing for Farmers
Author: Gene A. FutrellPublisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 302
Book Description