Read Books Online and Download eBooks, EPub, PDF, Mobi, Kindle, Text Full Free.
An Analysis Of Hedging Effectiveness In Live Beef Cattle Futures Among Ten Major Cattle Feeding Regions
Download An Analysis Of Hedging Effectiveness In Live Beef Cattle Futures Among Ten Major Cattle Feeding Regions full books in PDF, epub, and Kindle. Read online An Analysis Of Hedging Effectiveness In Live Beef Cattle Futures Among Ten Major Cattle Feeding Regions ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Book Synopsis An Analysis of Hedging Effectiveness in Live Beef Cattle Futures Among Ten Major Cattle Feeding Regions by : Keith Holaday Lacy
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:
Book Synopsis An Empirical Analysis of Integrated Cattle Feeding Hedging Strategies Using Estimated Options on Commodity Futures Contracts by : John Mac LaBore
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:
Book Synopsis How Do Changes in Market Fundamentals Affect Hedging in US Live Cattle Markets? by : Walter Oliver Ac Pangan
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.
Book Synopsis The Futures Market in Live Beef Cattle by : Gene A. Futrell
Download or read book The Futures Market in Live Beef Cattle written by Gene A. Futrell and published by . This book was released on 1966 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Actual and Potential Use of the Livestock Futures Market by Illinois Producers by : Raymond M. Leuthold
Download or read book Actual and Potential Use of the Livestock Futures Market by Illinois Producers written by Raymond M. Leuthold and published by . This book was released on 1975 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Feeder Cattle Futures by : John Addis Dole
Download or read book Feeder Cattle Futures written by John Addis Dole and published by . This book was released on 1979 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Futures Trading in Livestock by : Henry Harrison Bakken
Download or read book Futures Trading in Livestock written by Henry Harrison Bakken and published by . This book was released on 1970 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis ERS. by : Economic Research Service (U.S.)
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:
Book Synopsis Livestock's Long Shadow by : Henning Steinfeld
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.
Book Synopsis Grain and Livestock Hedging Course by : Lyn Miller Sennholz
Download or read book Grain and Livestock Hedging Course written by Lyn Miller Sennholz and published by . This book was released on 1984 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Cross-hedging Performance of Wholesale Beef in Live Cattle Futures Contracts Revisited by : Casey W. Bieroth
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.
Book Synopsis Economics of Agriculture Reports and Publications Issued Or Sponsored by USDA's Economic Research Service, July 1971-June 1972 by : Eleanor B. Lanier
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:
Book Synopsis Evaluating Structural Breaks and the Drivers of Structural Change in Live Cattle Basis by : Brett D. Wilder
Download or read book Evaluating Structural Breaks and the Drivers of Structural Change in Live Cattle Basis written by Brett D. Wilder and published by . This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Live cattle basis witnessed incredible volatility in recent years leading to questions of structural change and the possibility of decreased hedging effectiveness. If fundamental drivers of live cattle cash and futures prices have changed, cattle feeders and beef packers alike may need to re-evaluate their business, marketing, and hedging plans. Structural breaks can be identified and confirmed using statistical methods while the drivers of those structural breaks can be evaluated using forecast models. This research finds evidence that both live cattle basis and live cattle basis variability witnessed structural change near the beginning of 2014. Furthermore, results suggest that changes to the live cattle supply chain including regional cash market thinness and a trend towards higher quality beef are among the most important factors driving structural change.
Book Synopsis An Evaluation of Strategies for Hedging Feeder Cattle in the Pacific Northwest by : Andrew Leo Gatti
Download or read book An Evaluation of Strategies for Hedging Feeder Cattle in the Pacific Northwest written by Andrew Leo Gatti and published by . This book was released on 1984 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past decade, feeder cattle backgrounders in the Pacific Northwest have been subject to sharp price fluctuations for their output. The result has been variable profits and losses. This situation creates a need for management and marketing techniques which can provide Pacific Northwest cattle ranchers with protection against price risks while enhancing the profitability of their operations. Recent economic literature has shown hedging with futures contracts to be an effective tool for mitigating risk and/or increasing the net revenues of cattle producers in a number of regions of the United States. The objective of this research was to determine whether hedging with futures contracts could have increased the profitability of Pacific Northwest feeder cattle production while decreasing the effects of price volatiliy. To realize this objective, the economic performance of alternative hedging strategies were evaluated for several methods of feeder cattle backgrounding indigenous to the Pacific Northwest region. Four hedging strategies - routine, moving average, profit objective, and triangular probability distribution - were evaluated for hedging the output of four simulated production systems. The mean and standard deviation of annual net returns were computed for each hedging strategy to serve as measures of profitability and risk, respectively. The results of not hedging were also obtained to provide a basis for comparing alternative hedging programs. Sample t and F tests were conducted to determine whether there were statistically significant differences between the means and standard deviations of the unhedged and hedged positions. Dominant hedging strategies were then identified for each production system. Based on the results of the mean-variance analysis, it appears that the use of selective futures market hedging strategies would have provided greater and more stable levels of profit compared to the net incomes obtained without hedging. Sample t and F tests, using 80 and 90 percent levels of significance respectively, showed that hedging could have significantly decreased the variability of the producer's flow of income without significantly changing the operation's average profitability. Moving average, profit objective, and triangular probability distribution strategies were dominant, increased average profitability, and significantly lowered risk for at least one production system each. Overall, moving average strategies generated the highest mean profits with the greatest risk. Profit objective strategies generally resulted in lower mean profit than moving average strategies but with less risk. The risks and returns from hedging with triangular probability distribution strategies were usually between the moving average and profit objective procedures. Strategies which performed well in this study should also perform well in the future if conditions in the feeder cattle markets do not vary substantially from those of the previous decade. Thus, hedging with futures market contracts may provide the Pacific Northwest feeder cattle producers with protection against price risk and enhanced profitability.
Book Synopsis The Cost to Hedge Fed Cattle Using Live Cattle Futures and the Return from Hedged Cattle Feeding by : Emmett Walker Elam
Download or read book The Cost to Hedge Fed Cattle Using Live Cattle Futures and the Return from Hedged Cattle Feeding written by Emmett Walker Elam and published by . This book was released on 199? with total page 7 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Optimal Hedge Ratio and Hedge Effectiveness of Live Cattle Futures Contracts in the State of Paraná, Brazil by : Guilherme Wolff
Download or read book Optimal Hedge Ratio and Hedge Effectiveness of Live Cattle Futures Contracts in the State of Paraná, Brazil written by Guilherme Wolff and published by . This book was released on 2016 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis An Analysis of Cross Hedging Selected Beef Cuts in the Live Cattle Futures Contract by : Virginia Beth Gamble
Download or read book An Analysis of Cross Hedging Selected Beef Cuts in the Live Cattle Futures Contract written by Virginia Beth Gamble and published by . This book was released on 1984 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt:
