Impact of cash settlement on feeder cattle basis

Simple item page
dc.contributorVirginia Techen
dc.contributor.authorKenyon, David E.en
dc.contributor.authorBainbridge, Bruce B.en
dc.contributor.authorErnst, Robinen
dc.contributor.departmentAgricultural and Applied Economicsen
dc.date.accessed2014-05-12en
dc.date.accessioned2014-05-14T14:25:06Zen
dc.date.available2014-05-14T14:25:06Zen
dc.date.issued1991-07en
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.description.versionPublished versionen
dc.format.mimetypeapplication/pdfen
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.identifier.urlhttp://purl.umn.edu/32624en
dc.language.isoenen
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.title.serialWestern Journal of Agricultural Economicsen
dc.typeArticle - Refereeden
dc.type.dcmitypeTexten

Files

Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
16010093.pdf
Size:
1.07 MB
Format:
Adobe Portable Document Format
Description:
Published version
Download

Collections

Scholarly Works, Agricultural and Applied Economics