Author: R. M. LeutholdPublisher:
ISBN:
Category :
Languages : en
Pages : 13
Book Description
The Feeder-cattle Futures Contract
Author: R. M. LeutholdAn Analysis of Factors Influencing Feeder Cattle Futures Contract Basis and Specifications
Author: Fred C. EilrichEssays on Futures Contracts as a Feeder Cattle Price Risk Management Tool
Author: Justin Dean BinaPublisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
This thesis consists of two articles analyzing the feeder cattle futures contract as a price risk management tool. The first article implements transaction-level data and feeder cattle futures interaction terms in a hedonic pricing model framework to estimate optimal feeder cattle hedge ratios conditioned on the price of corn. This deviates from previous feeder cattle hedging literature, which typically employs aggregate weekly data and simple linear regressions of cash price against futures price to estimate hedge ratios. Hedging risk using corn-conditioned hedge ratios is compared to estimated hedge ratios that are not dependent on corn price. The second article again implements transaction-level data and a hedonic pricing model framework to evaluate whether feeder cattle basis risk has changed over time and to identify factors driving basis risk. The method developed in the second article differs from previous livestock basis risk assessments in that out-of-sample transaction price prediction errors are used to represent unexplained cash price deviations from feeder cattle futures price, or basis risk. Results from both articles indicate varying market conditions and animal characteristics have important impacts on the effectiveness of feeder cattle futures for price risk management in a heterogeneous market.
Commodity Futures Trading
Author: United States. General Accounting OfficePublisher:
ISBN:
Category : Cattle trade
Languages : en
Pages : 156
Book Description
Performance of the Live Cattle Futures Contract
Author: Brian W. BartonPublisher:
ISBN:
Category : Cattle trade
Languages : en
Pages : 320
Book Description
Live and Feeder Cattle Futures and Options Contract Specification
Author: Derrell S. PeelDelivering on a Live Cattle Futures Contract
Author: Allen C. WellmanPublisher:
ISBN:
Category : Cattle
Languages : en
Pages : 10
Book Description
Futures Trading in Livestock
Author: Henry Harrison BakkenPublisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 270
Book Description
Cash Settlement of Feeder Cattle Futures Contracts
Author: A.L. HutsonForecasting the Futures Market Basis Patterns for Tennessee Feeder Cattle
Author: Dan Lucien McLemorePublisher:
ISBN:
Category : Beef cattle
Languages : en
Pages : 36
Book Description