Show simple item record

dc.contributorVirginia Techen
dc.contributor.authorKenyon, David E.en
dc.contributor.authorBainbridge, Bruce B.en
dc.contributor.authorErnst, Robinen
dc.date.accessioned2014-05-14T14:25:06Zen
dc.date.available2014-05-14T14:25:06Zen
dc.date.issued1991-07en
dc.identifier.citationKenyon, D.; Bainbridge, B.; Ernst, R., "Impact of cash settlement on feeder cattle basis," WJAE 16(1):93-105 (1991); http://purl.umn.edu/32624en
dc.identifier.issn0162-1912en
dc.identifier.urihttp://hdl.handle.net/10919/47999en
dc.description.abstractThe feeder cattle futures contract specifications were changed in 1986 from physical delivery to cash settlement. The Chicago Mercantile Exchange expected this change to reduce basis variability and improve the ability of hedgers to predict basis. This study analyzes the basis for individual lots of feeder cattle before and after cash settlement. Basis equations were estimated by breed, sex, weight, grade, and season. These equations were used to predict basis. The results indicate basis variability was not reduced and hedger ability to forecast basis, in general, was not improved significantly under cash settlement compared to physical delivery.en
dc.language.isoen_USen
dc.publisherWestern Agricultural Economics Associationen
dc.rightsIn Copyrighten
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/en
dc.subjectfeeder cattle basisen
dc.subjectcash settlementen
dc.subjectfutures marketsen
dc.subjectagricultural economics & policyen
dc.subjecteconomicsen
dc.titleImpact of cash settlement on feeder cattle basisen
dc.typeArticle - Refereeden
dc.contributor.departmentAgricultural and Applied Economicsen
dc.identifier.urlhttp://purl.umn.edu/32624en
dc.date.accessed2014-05-12en
dc.title.serialWestern Journal of Agricultural Economicsen


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record