Author: Raymond M. LeutholdPublisher:
ISBN:
Category : Commodity futures
Languages : en
Pages : 148
Book Description
The Frozen Pork Bellies Futures Market
Author: Raymond M. LeutholdPublisher:
ISBN:
Category : Commodity futures
Languages : en
Pages : 148
Book Description
Futures Trading in Frozen Pork Bellies
Author: Chicago Mercantile ExchangePublisher:
ISBN:
Category : Pork industry and trade
Languages : en
Pages : 15
Book Description
Futures Trading in Frozen Pork Bellies
Author: Chicago Mercantile ExchangePublisher:
ISBN:
Category : Pork industry and trade
Languages : en
Pages : 16
Book Description
Commodity Futures Market Reaction to Anticipated Public Reports
Author: Li YangPublisher:
ISBN:
Category :
Languages : en
Pages : 168
Book Description
This study investigates the reaction of the frozen pork bellies futures market to the release of inventory information. Knight-Ridder releases their analysts' forecasts of the USDA estimate two days prior to the estimate provided by the USDA. A rational expectations model is developed to study how futures markets react to the information release. The model provides a direct link between analysts' forecasts. the USDA estimate, traders' beliefs of the frozen pork bellies inventories in storage, unanticipated information contained in the USDA report, and price movements. It differs from previous models used in commodity markets as price reactions depend on both the information content of the difference between the USDA estimate and the average of the analysts' forecasts, and the dispersion among the analysts' forecasts. It is shown theoretically that previous studies of price reaction based solely on the information content of the difference between the USDA estimate and the average of analysts' forecasts may induce measurement error when the magnitude of the disagreement among analysts is large and the performance of the average of forecasts is poor. Empirical results show that the USDA Cold Storage report contributes additional information to the price discovery process. However, the evidence supporting the importance of incorporating the dispersion of analysts' forecasts is mixed. When analysts' forecasts are an unbiased estimate of the USDA report and the disagreement among analysts is small, measurement error is small.
The Returns and Forecasting Ability of Large Traders in the Frozen Pork Bellies Futures Market
Author: Raymond M. LeutholdPublisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Using settlement prices and 9 years of daily commitments for large reporting traders in the frozen pork bellies futures market, we find that these traders generate significant profits and the distribution of trader returns over time is not random. Further analysis finds that a subset of large elite traders possesses significant forecasting ability, indicating that they not only are able to consistently anticipate the direction of price changes but are also on the right side of the market when large price changes occur. Hence, certain futures market traders accumulate trading experience and knowledge, permitting them to accrue considerable wealth.
Speculative Error in the Frozen Pork Belly Futures Market
Author: Walter Joseph BrownAn Economic Analysis of the Futures Market for Pork Bellies
Author: Mark J. PowersPublisher:
ISBN:
Category : Commodity exchanges
Languages : en
Pages : 450
Book Description
Trading in Frozen Pork Belly Futures
Author: United States. Commodity Exchange AuthorityPublisher:
ISBN:
Category : Swine
Languages : en
Pages : 24
Book Description
The Frozen Pork Belly Futures Market
Author: Mark J. PowersPublisher:
ISBN:
Category : Pork industry and trade
Languages : en
Pages : 32
Book Description
Commodities For Dummies
Author: Amine BouchentoufPublisher: John Wiley & Sons
ISBN: 1118050932
Category : Business & Economics
Languages : en
Pages : 386
Book Description
Since 2002, commodities have outperformed every other asset class including stocks, mutual funds and real estate. If you’re itching to get in on the fun and profit, Commodities For Dummies is the resource you need to find out how to break into the commodities market and understand how to trade and prosper. You’ll discover: How commodities stack up against other investment vehicles How to identify, manage, and overcome risk The pros and cons of futures, equities, ETFs and mutual funds Specific techniques for analyzing and trading in commodities Powerful profits in energy—crude oil, natural gas, coal, nuclear, and alternatives What you need to know about trading in metals—precious and not-so-precious How to grow your portfolio with farm products Featuring time-tested rules for investment success, this comprehensive, user-friendly guide helps you minimize risk, maximize profit, and find the shortest route to Easy Street.