![]() ![]() Maples, William & Harri, Ardian & Riley, John Michael & Tack, Jesse & Williams, Brian, 2016." Spatial Analysis Of Feeder Cattle Hedging Risk,"Ģ002 Annual Meeting, July 28-31, 2002, Long Beach, Californiaģ6586, Western Agricultural Economics Association. Journal of Commodity Markets, Elsevier, vol. " Conditional feeder cattle hedge ratios: Cross hedging with fluctuating corn prices," " Hedge Ratios and Basis Behavior: An Intuitive Insight?,"Ģ57887, Texas A&M University, Department of Agricultural Economics. " Geographic and Seasonal Differences in the Feeder Cattle Hedging Risk,"Ģ006 Annual Meeting, February 5-8, 2006, Orlando, Floridaģ5325, Southern Agricultural Economics Association. These are the items that most often cite the same works as this one and are cited by the same works as this one. The model and relations proposed should be useful for traders evaluating observed prices or placing limit orders for stocker futures and options. The volatility of spot stocker cattle prices is comparable to spot feeder cattle prices, supporting the idea of using feeder cattle implied volatility measures as estimates of stocker cattle futures implied volatility in option pricing models. A model explains the spread between feeder cattle and stocker cattle futures prices as a function of feed prices, live cattle prices, and seasonal factors. The number of head of stocker weight cattle sold on the spot market has increased in recent years while the practice of cross-hedging stocker weight cattle against the feeder cattle contract remains risky. Traders need decision tools to discover prices or to evaluate quoted prices that may not contain all the information in the market. Low trading volume in the CME stocker cattle contracts has made hedgers and speculators reluctant to use the contracts. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |