Browsing by Author "Currin, Lisa Carol"

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    Basis variability in the feeder cattle contract before and after cash settlement
    Currin, Lisa Carol (Virginia Tech, 1993-06-15)
    Relationships between the futures price, cash price, and U.S. Feeder Steer Price in the final eight weeks of trading on the feeder cattle futures contract were analyzed. Models were developed to examine continued problems with basis variability in the feeder cattle futures contract. The results of these models indicated that the change from physical delivery to cash settlement and the use of the U.S. Feeder Steer Price as a settlement index for the contract did not improve problems associated with basis variability.