Estimated hedging risk with cash settlement feeder cattle futures
Beginning with the September 1986 contract, feeder cattle futures have been settled based on cash settlement rather than physical delivery. The effect that cash settlement will have on hedging risk for feeder cattle was estimated using Arkansas prices for 1977-86, but the results should be represent...
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| Veröffentlicht in: | Western Journal of Agricultural Economics 1988-07, Vol.13 (1), p.45-52 |
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| container_title | Western Journal of Agricultural Economics |
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| creator | Elam, E. (Texas Tech University) |
| description | Beginning with the September 1986 contract, feeder cattle futures have been settled based on cash settlement rather than physical delivery. The effect that cash settlement will have on hedging risk for feeder cattle was estimated using Arkansas prices for 1977-86, but the results should be representative of other markets. For 600-700-pound steers and heifers, hedging risk is estimated to be lower for hedges placed in the new cash settlement contract. For steers and heifers weighing less than 600 pounds, hedging risk is estimated to be lower for the cash settlement contract for fall hedges, whereas hedging risk is estimated to increase for spring hedges. |
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(Texas Tech University)</creator><creatorcontrib>Elam, E. (Texas Tech University)</creatorcontrib><description>Beginning with the September 1986 contract, feeder cattle futures have been settled based on cash settlement rather than physical delivery. The effect that cash settlement will have on hedging risk for feeder cattle was estimated using Arkansas prices for 1977-86, but the results should be representative of other markets. For 600-700-pound steers and heifers, hedging risk is estimated to be lower for hedges placed in the new cash settlement contract. 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(Texas Tech University)</creatorcontrib><title>Estimated hedging risk with cash settlement feeder cattle futures</title><title>Western Journal of Agricultural Economics</title><description>Beginning with the September 1986 contract, feeder cattle futures have been settled based on cash settlement rather than physical delivery. The effect that cash settlement will have on hedging risk for feeder cattle was estimated using Arkansas prices for 1977-86, but the results should be representative of other markets. For 600-700-pound steers and heifers, hedging risk is estimated to be lower for hedges placed in the new cash settlement contract. 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(Texas Tech University)</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-f1000-b8a1bf645d07b33624d1c2de9f9c12fa46817fcdaa887d2dec578817848fba233</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>1988</creationdate><topic>Agricultural economics</topic><topic>ARKANSAS</topic><topic>BOVIN</topic><topic>Cash</topic><topic>CATTLE</topic><topic>ENGORDE</topic><topic>ENGRAISSEMENT</topic><topic>FATTENING</topic><topic>Feeder cattle</topic><topic>Financial risk</topic><topic>Futures contracts</topic><topic>FUTURES TRADING</topic><topic>GANADO BOVINO</topic><topic>MARCHE A TERME</topic><topic>Market prices</topic><topic>MODELE</topic><topic>MODELOS</topic><topic>Net prices</topic><topic>OPERACIONES A PLAZO</topic><topic>PRECIOS</topic><topic>PRICES</topic><topic>PRIX</topic><topic>RIESGO</topic><topic>RISK</topic><topic>RISQUE</topic><topic>Securities sales</topic><topic>Standard deviation</topic><topic>Steers</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Elam, E. 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(Texas Tech University)</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Estimated hedging risk with cash settlement feeder cattle futures</atitle><jtitle>Western Journal of Agricultural Economics</jtitle><date>1988-07</date><risdate>1988</risdate><volume>13</volume><issue>1</issue><spage>45</spage><epage>52</epage><pages>45-52</pages><issn>0162-1912</issn><issn>1068-5502</issn><eissn>2327-8277</eissn><eissn>2327-8285</eissn><abstract>Beginning with the September 1986 contract, feeder cattle futures have been settled based on cash settlement rather than physical delivery. The effect that cash settlement will have on hedging risk for feeder cattle was estimated using Arkansas prices for 1977-86, but the results should be representative of other markets. For 600-700-pound steers and heifers, hedging risk is estimated to be lower for hedges placed in the new cash settlement contract. For steers and heifers weighing less than 600 pounds, hedging risk is estimated to be lower for the cash settlement contract for fall hedges, whereas hedging risk is estimated to increase for spring hedges.</abstract><cop>Bozeman, MT</cop><pub>Western Agricultural Economics Association</pub><tpages>8</tpages></addata></record> |
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| identifier | ISSN: 0162-1912 |
| ispartof | Western Journal of Agricultural Economics, 1988-07, Vol.13 (1), p.45-52 |
| issn | 0162-1912 1068-5502 2327-8277 2327-8285 |
| language | eng |
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| source | Jstor Complete Legacy; AgEcon; Elektronische Zeitschriftenbibliothek - Frei zugängliche E-Journals; Periodicals Index Online |
| subjects | Agricultural economics ARKANSAS BOVIN Cash CATTLE ENGORDE ENGRAISSEMENT FATTENING Feeder cattle Financial risk Futures contracts FUTURES TRADING GANADO BOVINO MARCHE A TERME Market prices MODELE MODELOS Net prices OPERACIONES A PLAZO PRECIOS PRICES PRIX RIESGO RISK RISQUE Securities sales Standard deviation Steers |
| title | Estimated hedging risk with cash settlement feeder cattle futures |
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