Using Futures and Options as Price Risk Management Tools in the Pacific Northwest Feeder Cattle Industry

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ISBN 13 :
Total Pages : 26 pages
Book Rating : 4.:/5 (533 download)

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Book Synopsis Using Futures and Options as Price Risk Management Tools in the Pacific Northwest Feeder Cattle Industry by : Raymond J. Folwell

Download or read book Using Futures and Options as Price Risk Management Tools in the Pacific Northwest Feeder Cattle Industry written by Raymond J. Folwell and published by . This book was released on 2003 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Using Futures and Options as Risk Management Tools in the Cattle Industry

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ISBN 13 :
Total Pages : 130 pages
Book Rating : 4.:/5 (481 download)

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Book Synopsis Using Futures and Options as Risk Management Tools in the Cattle Industry by : Tanya Sue Barnhart

Download or read book Using Futures and Options as Risk Management Tools in the Cattle Industry written by Tanya Sue Barnhart and published by . This book was released on 2000 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Extension Bulletin

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (31 download)

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Book Synopsis Extension Bulletin by :

Download or read book Extension Bulletin written by and published by . This book was released on 1978 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Essays on Futures Contracts as a Feeder Cattle Price Risk Management Tool

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (124 download)

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Book Synopsis Essays on Futures Contracts as a Feeder Cattle Price Risk Management Tool by : Justin Dean Bina

Download or read book Essays on Futures Contracts as a Feeder Cattle Price Risk Management Tool written by Justin Dean Bina and published by . This book was released on 2021 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Futures Markets for Livestock

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ISBN 13 :
Total Pages : 20 pages
Book Rating : 4.:/5 (89 download)

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Book Synopsis Futures Markets for Livestock by : William David Dobson

Download or read book Futures Markets for Livestock written by William David Dobson and published by . This book was released on 1970 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Annual Report - Commodity Futures Trading Commission

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ISBN 13 :
Total Pages : 670 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Annual Report - Commodity Futures Trading Commission by : United States. Commodity Futures Trading Commission

Download or read book Annual Report - Commodity Futures Trading Commission written by United States. Commodity Futures Trading Commission and published by . This book was released on 1999 with total page 670 pages. Available in PDF, EPUB and Kindle. Book excerpt:

A Short Run Price Forecasting Model for Slaughter Steers and Slaughter Cows in the Pacific Northwest

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ISBN 13 :
Total Pages : 258 pages
Book Rating : 4.:/5 (93 download)

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Book Synopsis A Short Run Price Forecasting Model for Slaughter Steers and Slaughter Cows in the Pacific Northwest by : Stephen Paul Reed

Download or read book A Short Run Price Forecasting Model for Slaughter Steers and Slaughter Cows in the Pacific Northwest written by Stephen Paul Reed and published by . This book was released on 1982 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: The cattle industry in the Pacific Northwest is characterized by a large number of producers. Individual contributions to the market have little effect in moderating potential fluctuations in the prices received for the various classes of cattle. Price volatility is of constant concern to producers in planning future production, with decisions made in the current period affecting future profitability of the enterprise. Information that will assist in developing strategies to deal with this uncertainty may play a critical role in reducing the risk of continued production. Inherent to this decision making process is a knowledge of the various factors influencing both biological parameters and economic conditions at a future point in time. The econometric models developed in this study attempt to quantify the economic relationships at the farm level, that affect the price received for the live animal. The economic relationships deemed important in this study are the factors influencing the demand and supply of beef cattle. The supply and demand relationships at the feedlot level are included in a model with coefficients estimated to reflect the individual influence of each variable on the price of slaughter steers for the quarter. A necessary condition of this price formulation process is that current supply and demand levels determine current prices. The slaughter steer prices estimated in this procedure are developed to reflect the fluctuations in the Omaha market. This particular location is considered to more accurately reflect the aggregate data for the U.S. used in the price prediction model. The same strategy of using the Omaha market to reflect U.S. aggregated data is employed in developing a model to forecast utility cow prices. The transition to regional price models for the Northwest was accomplished with little difficulty because of the close historical relationship between the two regions. This characteristic was specified in the Northwest steer and cow price models by including the Omaha price for the quarter as the determinant of prices in Oregon and Washington. Forecasted prices from one and two quarter Omaha steer and cow price models were then used in estimating future Northwest prices. The steer prices estimated in this study compared favorably with price forecasting models from seven other sources evaluated by Just and Rausser (1981). Using the percent root mean square error statistic as a method of comparison, the values from their study ranged between 9.9 and 12.9 for a one quarter forecast, and 12.4 and 18.9 for a two quarter projection. The percent root mean square error calculated for Northwest steer price forecasts was 10.09 for the one quarter estimates and 11.08 for the two quarter projections. These results proved promising in developing future price projections. The inclusion of this modeling process, as a management tool in developing s-hort run production strategies, may be used advantageously in reducing the risk and uncertainty associated with the price fluctuations in the live cattle market.

Futures Trading in Livestock

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ISBN 13 :
Total Pages : 270 pages
Book Rating : 4.:/5 (89 download)

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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:

Understanding Opportunities and Risks in Futures Trading

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Publisher : DIANE Publishing
ISBN 13 : 9780788103285
Total Pages : 48 pages
Book Rating : 4.1/5 (32 download)

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Book Synopsis Understanding Opportunities and Risks in Futures Trading by : DIANE Publishing Company

Download or read book Understanding Opportunities and Risks in Futures Trading written by DIANE Publishing Company and published by DIANE Publishing. This book was released on 1994 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explains the commodities market, the risks involved, and regulations governing it.

An Analysis of the Futures Trading Activity in Live and Feeder Cattle Contracts of Large (reporting) Traders on the Chicago Mercantile Exchange

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ISBN 13 :
Total Pages : 244 pages
Book Rating : 4.3/5 (121 download)

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Book Synopsis An Analysis of the Futures Trading Activity in Live and Feeder Cattle Contracts of Large (reporting) Traders on the Chicago Mercantile Exchange by : John W. Helmuth

Download or read book An Analysis of the Futures Trading Activity in Live and Feeder Cattle Contracts of Large (reporting) Traders on the Chicago Mercantile Exchange written by John W. Helmuth and published by . This book was released on 1980 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Trading in Livestock Futures and Option Markets

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Publisher :
ISBN 13 :
Total Pages : 130 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis Trading in Livestock Futures and Option Markets by : Gregory J. Kuserk

Download or read book Trading in Livestock Futures and Option Markets written by Gregory J. Kuserk and published by . This book was released on 1988 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Trading and Hedging with Agricultural Futures and Options

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Publisher : John Wiley & Sons
ISBN 13 : 1118538765
Total Pages : 384 pages
Book Rating : 4.1/5 (185 download)

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Book Synopsis Trading and Hedging with Agricultural Futures and Options by : James B. Bittman

Download or read book Trading and Hedging with Agricultural Futures and Options written by James B. Bittman and published by John Wiley & Sons. This book was released on 2012-10-10 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: Today's Premier Guidebook for Understanding Agricultural Options and Making Them a Key Part of Your Trading and Risk Management Strategy Agricultural futures and options represent a vital niche in today's options trading world. Trading and Hedging with Agricultural Futures and Options takes an in-depth look at these valuable trading tools, and presents clear, proven strategies and techniques for both hedgers and traders to achieve their goals while minimizing risk. Relying on nuts-and-bolts techniques and examples as opposed to the mathematical models and theory favored by other options-trading manuals this practical, hands-on book discusses many topics, including: How hedgers and traders can use options effectively with realistic expectations Methods to understand price behavior including the "Greeks" (delta, gamma, vega, and theta) The importance of volatility and little-known ways to make it work to your advantage For producers and processors, agricultural futures and options are necessary components for controlling costs and hedging risks. For traders, they are proven vehicles for earning exceptional risk-adjusted profits. Whichever side of the aisle you are on, Trading and Hedging with Agricultural Futures and Options will provide you with the answers you need to effectively use these versatile tools and make them an integral part of your business.

לקוטי תהלים לפי סדר א"ב

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (659 download)

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Book Synopsis לקוטי תהלים לפי סדר א"ב by :

Download or read book לקוטי תהלים לפי סדר א"ב written by and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Using High, Low, Open and Closing Prices to Estimate the Effects of Cash Settlement on Futures Prices

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ISBN 13 :
Total Pages : 21 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Using High, Low, Open and Closing Prices to Estimate the Effects of Cash Settlement on Futures Prices by : Leo H. Chan

Download or read book Using High, Low, Open and Closing Prices to Estimate the Effects of Cash Settlement on Futures Prices written by Leo H. Chan and published by . This book was released on 2001 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: Prior to 1986, any opening position on feeder cattle futures contract must be settled with physical delivery after the last trading day. Due to dwindling commercial interests, Chicago Mercantile Exchange (CME) subsequently replaced the system with the cash settlement method. It was argued that cash settlement would help reduces the futures price's volatility. In this paper, we adopted stochastic volatility models to investigate this conjecture. The models allow for time varying volatility. Using 4 estimators based on mixtures of high, low, open and close prices, we found all estimators conclude that the volatility of the feeder cattle futures price decreased after switching from physical delivery to cash settlement. The change in the contract specification therefore enhances price discovery and risk management functions of the futures market. Concerning the higher moments of the volatility, different conclusions were derived. Range data, the Parkinson and the Rogers-Satchell estimators all indicate that cash settlement led to a reduction in the volatility of volatility.

Agricultural Options

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ISBN 13 :
Total Pages : 276 pages
Book Rating : 4.:/5 (89 download)

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Book Synopsis Agricultural Options by : Christopher A. Bobin

Download or read book Agricultural Options written by Christopher A. Bobin and published by . This book was released on 1990-05-21 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: Agricultural Options Trading, Risk Management, and Hedging If you’re a trader, a hedger, a speculator, or even a novice at the ag market game, this is the book for you. Written by a leading options expert, Agricultural Options: Trading, Risk Management, and Hedging gives you the principles and proven strategies you need to profit in all the ag option markers— wheat, corn, soybeans, livestock, soft commodities, and more. You’ll learn: All the mathematical background and formulas you need to win in today’s ag market All about options in general and agricultural options in particular Risk management strategies, option pricing factors, and trading techniques Plus, the book contains detailed case studies of option trades that illustrate the best strategies and how—and why—they work. With Agricultural Options, you’re right on top of the game.

Agricultural Commodity Options: Risk management through options

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ISBN 13 :
Total Pages : 254 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis Agricultural Commodity Options: Risk management through options by :

Download or read book Agricultural Commodity Options: Risk management through options written by and published by . This book was released on 1984 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt:

An Investigation of Options Pricing Models for Live Cattle and Feeder Cattle Futures Contracts

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ISBN 13 :
Total Pages : 236 pages
Book Rating : 4.:/5 (221 download)

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Book Synopsis An Investigation of Options Pricing Models for Live Cattle and Feeder Cattle Futures Contracts by : Robert A. Pelly

Download or read book An Investigation of Options Pricing Models for Live Cattle and Feeder Cattle Futures Contracts written by Robert A. Pelly and published by . This book was released on 1989 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: