Download or read book An Analysis of Hedging Effectiveness in Live Beef Cattle Futures Among Ten Major Cattle Feeding Regions written by Keith Holaday Lacy and published by . This book was released on 1972 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book How Do Changes in Market Fundamentals Affect Hedging in US Live Cattle Markets written by Walter Oliver Ac Pangan and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: When basis variability increases, it complicates hedging price risk management and causes hedging effectiveness to decrease. This is one reason that volatility in US live cattle basis has raised concerns over the last decade. It is vital for participants in live cattle cash markets to improve their understanding of how shifts in market conditions affect basis variability. The purpose of this analysis is to evaluate how changes in market fundamentals and price momentum impact live cattle hedging effectiveness and how the impacts vary regionally across Kansas, Nebraska, and Iowa-Minnesota. Identifying and measuring these impacts provide insights to improve the basis predictability and help manage live cattle hedging risk. This study used weekly data from June 2007 to December 2019 to estimate regional hedonic models where the dependent variable was Basis Prediction Error (the difference between actual Basis and Expected Basis), which serves as a hedging effectiveness measure, and the independent variables represent the shifts in the market fundamentals. The results show that the changes in the factors such as total head marketed in all markets, the thinness of the negotiated market, weight of the live cattle marketed, the current premium for high-quality beef, and the cost of gain have statistically significant relationships with Basis Prediction Error. It is essential to highlight that the statistical significance, direct impact, and magnitude for most of the variables vary across the regions and over time. The analysis of volatility using the parameter estimates and a one standard deviation shock to respective variables showed that the changes in current premium for high-quality beef and the changes in the cost of gain have a higher monetary impact on hedging outcome basis than other variables evaluated.
Download or read book Cross hedging Performance of Wholesale Beef in Live Cattle Futures Contracts Revisited written by Casey W. Bieroth and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Risk management decision makers face significant price risk when purchasing or selling wholesale beef. Previous research has identified cross-hedging wholesale beef in Live Cattle futures as a plausible means of reducing this risk. Changes in the way beef is marketed have led to poor performance of cross-hedging programs. Unlike earlier research, more recent studies have shown that Live Cattle futures are a poor venue for effective cross-hedging. This study replicates previous research to evaluate the current state of traditional cross-hedging performance. Focus then shifts to improving cross-hedging methods. Hedge ratios derived from a traditional cross-hedging methodology exhibit a great deal of sensitivity to season, estimation technique, and quality grade. Basis risk is abundant for this type of cross-hedging. To reduce the basis risk inherent with cross-hedging wholesale beef, bundling is proposed. This involves combining two or more cuts together in a single unit to be cross-hedged. Firms merchandising meat from a whole carcass would be able to provide a valuable risk management service if the basis risk faced when hedging a bundled product is less than the basis risk faced when cross-hedging the corresponding products independently. This research found that bundling has neither a positive or negative effect on basis risk. Therefore bundling is a plausible practice, but will not offer reduced basis risk to decision makers.
Download or read book An Empirical Analysis of Integrated Cattle Feeding Hedging Strategies Using Estimated Options on Commodity Futures Contracts written by John Mac LaBore and published by . This book was released on 1987 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book ERS written by Economic Research Service (U.S.) and published by . This book was released on 1972 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economics of Agriculture Reports and Publications Issued Or Sponsored by USDA s Economic Research Service July 1971 June 1972 written by Eleanor B. Lanier and published by . This book was released on 1974 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Livestock s Long Shadow written by Henning Steinfeld and published by Food & Agriculture Org.. This book was released on 2006 with total page 418 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The assessment builds on the work of the Livestock, Environment and Development (LEAD) Initiative"--Pref.
Download or read book National Union Catalog written by and published by . This book was released on 1978 with total page 618 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Costs Loss and Forecasting Error written by Lloyd Douglas Teigen and published by . This book was released on 1973 with total page 502 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Swine Research written by United States. Cooperative State Research Service. Current Research Information System and published by . This book was released on 1983 with total page 940 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book World Livestock Production Systems written by Carlos Seré and published by Steve Parish. This book was released on 1996 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The TARA Handbook for Hedgers written by Willard Forest Williams and published by . This book was released on 1978 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Agriculture environmental and Consumer Protection Appropriations for 1972 written by United States. Congress. House. Committee on Appropriations. Subcommittee on Agriculture--Environmental and Consumer Protection Appropriations and published by . This book was released on 1971 with total page 928 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Department of Agriculture Appropriation Bill written by United States. Congress. House. Committee on Appropriations and published by . This book was released on 1972 with total page 934 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Hearings Reports and Prints of the House Committee on Appropriations written by United States. Congress. House. Committee on Appropriations and published by . This book was released on 1971 with total page 1732 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Agricultural Futures and Options written by Richard Duncan and published by Woodhead Publishing. This book was released on 1992-01-15 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: Agricultural futures and options has been written for the potential and actual users of agricultural futures markets but should also provide a useful introduction to the more academic students of the subject. Divided into three parts, the first examines the North American markets with chapters on Chicago, definitions, hedgers, commodity trading advisors, options, New York and the Winnipeg community. Part 2's study of the European markets looks at soft commodities and the London Fox, the London Grain Futures Market, meat futures, potato futures and soya bean meal futures. Investing and investor protection is the subject of part 3. Guidelines are provided for opening and servicing an account and a further chapter deals with regulation.
Download or read book Journal of Agricultural and Resource Economics written by and published by . This book was released on 2001 with total page 608 pages. Available in PDF, EPUB and Kindle. Book excerpt:
