The 'New' Live Cattle Futures Contract: Basis Issues by Rob Murphy and Keith Boris

29
Market Efficiency and Marketing to Enhance Income of Crop Producers by Carl R. Zulauf and Scott H. Irwin Suggested citation format: Zulauf, C. R., and S. H. Irwin. “Market Efficiency and Marketing to Enhance Income of Crop Producers," Proceedings of the 1997 NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management. [http://www.farmdoc.uiuc.edu/nccc134]

description

Market Efficiency and Marketing to Enhance Income of Crop Producers by Carl R. Zulauf and Scott H. Irwin. - PowerPoint PPT Presentation

Transcript of The 'New' Live Cattle Futures Contract: Basis Issues by Rob Murphy and Keith Boris

Page 1: The 'New' Live Cattle Futures Contract: Basis Issues by Rob Murphy and Keith Boris

Market Efficiency and Marketing to

Enhance Income of Crop Producers

by

Carl R. Zulauf and Scott H. Irwin

Suggested citation format:

Zulauf, C. R., and S. H. Irwin. “Market Efficiency and Marketing to Enhance Income of Crop Producers," Proceedings of the 1997 NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management. [http://www.farmdoc.uiuc.edu/nccc134]

Page 2: The 'New' Live Cattle Futures Contract: Basis Issues by Rob Murphy and Keith Boris

Can Pre-harvest Marketing Strategies Increase Net

Returns for Corn and Soybean Growers?

by

Robert N. Wisner, E. Neal Blue, E. Dean Baldwin

Suggested citation format:

Wisner, R. N., E. N. Blue, and E. D. Baldwin. “Can Pre-harvest Marketing Strategies Increase Net Returns for Corn and Soybean Growers?" Proceedings of the 1997 NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management. [http://www.farmdoc.uiuc.edu/nccc134]

Page 3: The 'New' Live Cattle Futures Contract: Basis Issues by Rob Murphy and Keith Boris

A Theoretical Analysis of the "Grid Pricing" Structure

of the Beef Carcass Market

by

Michelle Beshear and James Trapp

Suggested citation format:

Beshear, M., and J. Trapp. “A Theoretical Analysis of the "Grid Pricing" Structure of the Beef Carcass Market," Proceedings of the 1997 NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management. [http://www.farmdoc.uiuc.edu/nccc134]

Page 4: The 'New' Live Cattle Futures Contract: Basis Issues by Rob Murphy and Keith Boris

Effects of Competition and Space on Country Elevator

Grading Practices and Prices

by

Wes Elliott, Brian D. Adam, Phil Kenkel, Kim Anderson

Suggested citation format:

Elliott, W., B. D. Adam, P. Kenkel, and K. Anderson. “Effects of Competition and Space on Country Elevator Grading Practices and Prices," Proceedings of the 1997 NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management. [http://www.farmdoc.uiuc.edu/nccc134]

Page 5: The 'New' Live Cattle Futures Contract: Basis Issues by Rob Murphy and Keith Boris

Basis Patterns for Feeder Cattle Teleauctions in Georgia

by

Steven C. Turner, Timothy A. Park, John McKissick

Suggested citation format:

Turner, S. C., T. A. Park, and J. McKissick. “Basis Patterns for Feeder Cattle Teleauctions in Georgia," Proceedings of the 1997 NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management. [http://www.farmdoc.uiuc.edu/nccc134]

Page 6: The 'New' Live Cattle Futures Contract: Basis Issues by Rob Murphy and Keith Boris

Estimating Expected Per Acre Indemnities of Yield and

Revenue Insurance Products

by

Chad Hart, Samarendu Mohanty, Darnell B. Smith

Suggested citation format:

Hart, C., S. Mohanty, and D. B. Smith. “Estimating Expected Per Acre Indemnities of Yield and Revenue Insurance Products," Proceedings of the 1997 NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management. [http://www.farmdoc.uiuc.edu/nccc134]

Page 7: The 'New' Live Cattle Futures Contract: Basis Issues by Rob Murphy and Keith Boris

Crop Insurance and Forward Pricing Linkages:

Effects on Mean Income and Variance

by

Kevin C. Dhuyvetter and Terry L. Kastens

Suggested citation format:

Dhuyvetter, K. C., and T. L. Kastens. “Crop Insurance and Forward Pricing Linkages: Effects on Mean Income and Variance," Proceedings of the 1997 NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management. [http://www.farmdoc.uiuc.edu/nccc134]

Page 8: The 'New' Live Cattle Futures Contract: Basis Issues by Rob Murphy and Keith Boris

Optimizing Farmers' Joint Use of Forward Pricing and

Crop Insurance by Comparing Revenue Distributions

Estimated with Numerical Integration

by

Richard Heifner and Keith Coble

Suggested citation format:

Heifner, R., and K. Coble. “Optimizing Farmers' Joint Use of Forward Pricing and Crop Insurance by Comparing Revenue Distributions Estimated with Numerical Integration," Proceedings of the 1997 NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management. [http://www.farmdoc.uiuc.edu/nccc134]

Page 9: The 'New' Live Cattle Futures Contract: Basis Issues by Rob Murphy and Keith Boris

Corn and Soybean Basis Behavior and Forecasting:

Fundamental and Alternative Approaches

by

Bingrong Jiang and Marvin Hayenga

Suggested citation format:

Jiang, B., and M. Hayenga. “Corn and Soybean Basis Behavior and Forecasting: Fundamental and Alternative Approaches," Proceedings of the 1997 NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management. [http://www.farmdoc.uiuc.edu/nccc134]

Page 10: The 'New' Live Cattle Futures Contract: Basis Issues by Rob Murphy and Keith Boris

The 'New' Live Cattle Futures Contract: Basis Issues

by

Rob Murphy and Keith Boris

Suggested citation format:

Murphy, R., and K. Boris. “The 'New' Live Cattle Futures Contract: Basis Issues," Proceedings of the 1997 NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management. [http://www.farmdoc.uiuc.edu/nccc134]

Page 11: The 'New' Live Cattle Futures Contract: Basis Issues by Rob Murphy and Keith Boris

Did Producer Hedging Opportunities in the Live Hog

Contract Decline?

byFabio C. Zanini and Philip Garcia

Suggested citation format:

Zanini, F. C., and P. Garcia. “Did Producer Hedging Opportunities in the Live Hog Contract Decline?" Proceedings of the 1997 NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management. [http://www.farmdoc.uiuc.edu/nccc134]

Page 12: The 'New' Live Cattle Futures Contract: Basis Issues by Rob Murphy and Keith Boris

Producers' Preferences for Market Outlook Information

by

James D. Sartwelle III, Daniel M. O'Brien, Walter Barker

Suggested citation format:

Sartwelle, J. D. III, D. M. O'Brien, and W. Barker. “Producers' Preferences for Market Outlook Information," Proceedings of the 1997 NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management. [http://www.farmdoc.uiuc.edu/nccc134]

Page 13: The 'New' Live Cattle Futures Contract: Basis Issues by Rob Murphy and Keith Boris

Research Topics Suggested

by Extension Marketing Economists

by

B. Wade Brorsen and Kim Anderson

Suggested citation format:

Brorsen, B. W., and K. Anderson. “Research Topics Suggested by Extension Marketing Economists," Proceedings of the 1997 NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management. [http://www.farmdoc.uiuc.edu/nccc134]

Page 14: The 'New' Live Cattle Futures Contract: Basis Issues by Rob Murphy and Keith Boris

Perceptions of Marketing Strategies:

Producers vs. Extension Economists

by

Joseph Parcell, Ted Schroeder,

Terry Kastens, Kevin Dhuyvetter

Suggested citation format:

Parcell, J., T. Schroeder, T. Kastens, and K. Dhuyvetter. “Perceptions of Marketing Strategies: Producers vs. Extension Economists," Proceedings of the 1997 NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management. [http://www.farmdoc.uiuc.edu/nccc134]

Page 15: The 'New' Live Cattle Futures Contract: Basis Issues by Rob Murphy and Keith Boris

Cheddar Cheese and Fluid Milk Cointegration among

Cash and Futures Prices: The Evidence for

a Long-term Equilibrium Relationship

by

Cameron S. Thraen and Krassimir Petrov

Suggested citation format:

Thraen, C. S., and K. Petrov. “Cheddar Cheese and Fluid Milk Cointegration among Cash and Futures Prices: The Evidence for a Long-term Equilibrium Relationship," Proceedings of the 1997 NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management. [http://www.farmdoc.uiuc.edu/nccc134]

Page 16: The 'New' Live Cattle Futures Contract: Basis Issues by Rob Murphy and Keith Boris

Noise Trader Sentiment and Futures Price Behavior:

An Empirical Investigation

by

Dwight R. Sanders, Scott H. Irwin, Raymond M. Leuthold

Suggested citation format:

Sanders, D. R., S. H. Irwin, and R. M. Leuthold. “Noise Trader Sentiment and Futures Price Behavior: An Empirical Investigation," Proceedings of the 1997 NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management. [http://www.farmdoc.uiuc.edu/nccc134]

Page 17: The 'New' Live Cattle Futures Contract: Basis Issues by Rob Murphy and Keith Boris

Optimal Marketing Decisions for Cattle

under Price Risk

by

Xuecai Wang, Jeffrey H. Dorfman,

John McKissick, Steven C. Turner

Suggested citation format:

Wang, X., J. H. Dorfman, J. McKissick, and S. C. Turner. “Optimal Marketing Decisions for Cattle under Price Risk," Proceedings of the 1997 NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management. [http://www.farmdoc.uiuc.edu/nccc134]

Page 18: The 'New' Live Cattle Futures Contract: Basis Issues by Rob Murphy and Keith Boris

Pricing an OTC Basket Option to Manage Cattle Price

Risk in Canada: Comparing the Cost of COPP and of a

CME-Based "2 Legs" Strategy

by

Francesco Braga

Suggested citation format:

Braga, F.. “Pricing an OTC Basket Option to Manage Cattle Price Risk in Canada: Comparing the Cost of COPP and of a CME-Based "2 Legs" Strategy," Proceedings of the 1997 NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management. [http://www.farmdoc.uiuc.edu/nccc134]

Page 19: The 'New' Live Cattle Futures Contract: Basis Issues by Rob Murphy and Keith Boris

An Analysis of the Effect of Corn Prices

on Feeder Cattle Prices

by

John D. Anderson and James N. Trapp

Suggested citation format:

Anderson, J. D., and J. N. Trapp. “An Analysis of the Effect of Corn Prices on Feeder Cattle Prices," Proceedings of the 1997 NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management. [http://www.farmdoc.uiuc.edu/nccc134]

Page 20: The 'New' Live Cattle Futures Contract: Basis Issues by Rob Murphy and Keith Boris

Futures-Based Price Forecasts for Agricultural

Producers and Businesses

by

Terry Kastens, Rodney Jones, Ted Schroeder

Suggested citation format:

Kastens, T., R. Jones, and T. Schroeder. “Futures-Based Price Forecasts for Agricultural Producers and Businesses," Proceedings of the 1997 NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management. [http://www.farmdoc.uiuc.edu/nccc134]

Page 21: The 'New' Live Cattle Futures Contract: Basis Issues by Rob Murphy and Keith Boris

The Forecasting Value of New Crop Futures:

A Decision-Making Framework

by

Dwight Sanders, Phil Garcia, Raymond Leuthold

Suggested citation format:

Sanders, D., P. Garcia, and R. Leuthold. “The Forecasting Value of New Crop Futures: A Decision-Making Framework," Proceedings of the 1997 NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management. [http://www.farmdoc.uiuc.edu/nccc134]

Page 22: The 'New' Live Cattle Futures Contract: Basis Issues by Rob Murphy and Keith Boris

Producer Ability to Forecast Harvest Corn

and Soybean Prices

by

David Kenyon

Suggested citation format:

Kenyon, D.. “Producer Ability to Forecast Harvest Corn and Soybean Prices," Proceedings of the 1997 NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management. [http://www.farmdoc.uiuc.edu/nccc134]

Page 23: The 'New' Live Cattle Futures Contract: Basis Issues by Rob Murphy and Keith Boris

A Reexamination of a Popular Econometric Model of

Pork Supply and Forecasting Performance vs. ARIMA

and Composite Approaches

by

John Nwoha, Mark Manfredo, Mark Ditsch, Raymond Leuthold

Suggested citation format:

Nwoha, J., M. Manfredo, M. Ditsch, and R. Leuthold. “A Reexamination of a Popular Econometric Model of Pork Supply and Forecasting Performance vs. ARIMA and Composite Approaches," Proceedings of the 1997 NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management. [http://www.farmdoc.uiuc.edu/nccc134]

Page 24: The 'New' Live Cattle Futures Contract: Basis Issues by Rob Murphy and Keith Boris

Development of Alternative Wheat and Corn Price

Forecasting Models

by

Daniel O'Brien and Robert Wisner

Suggested citation format:

O'Brien, D., and R. Wisner. “Development of Alternative Wheat and Corn Price Forecasting Models," Proceedings of the 1997 NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management. [http://www.farmdoc.uiuc.edu/nccc134]

Page 25: The 'New' Live Cattle Futures Contract: Basis Issues by Rob Murphy and Keith Boris

Forecasting Retail-Farm Margins for Fresh Tomatoes:

Econometrics vs. Neural Networks

by

Timothy Richards, Pieter van Ispelen, Albert Kagan

Suggested citation format:

Richards, T., P. v. Ispelen, and A. Kagan. “Forecasting Retail-Farm Margins for Fresh Tomatoes: Econometrics vs. Neural Networks," Proceedings of the 1997 NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management. [http://www.farmdoc.uiuc.edu/nccc134]

Page 26: The 'New' Live Cattle Futures Contract: Basis Issues by Rob Murphy and Keith Boris

Systematic Hog Price Management: Selective Hedging

and Long-Term Risk Sharing Packer Contracts

by

John Lawrence and Zhi Wang

Suggested citation format:

Lawrence, J., and Z. Wang. “Systematic Hog Price Management: Selective Hedging and Long-Term Risk Sharing Packer Contracts," Proceedings of the 1997 NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management. [http://www.farmdoc.uiuc.edu/nccc134]

Page 27: The 'New' Live Cattle Futures Contract: Basis Issues by Rob Murphy and Keith Boris

Design and Pricing of Short Term

Hog Marketing Contracts

by

James Unterschultz, Frank Novak,

Donald Bresee, Stephen Koontz

Suggested citation format:

Unterschultz, J., F. Novak, D. Bresee, and S. Koontz. “Design and Pricing of Short Term Hog Marketing Contracts," Proceedings of the 1997 NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management. [http://www.farmdoc.uiuc.edu/nccc134]

Page 28: The 'New' Live Cattle Futures Contract: Basis Issues by Rob Murphy and Keith Boris

Managed Futures, Positive Feedback Trading,

and Futures Price Volatility

by

Scott H. Irwin and Sakoto Yoshimaru

Suggested citation format:

Irwin, S.H., and S. Yoshimaru. “Managed Futures, Positive Feedback Trading, and Futures Price Volatility," Proceedings of the 1997 NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management. [http://www.farmdoc.uiuc.edu/nccc134]

Page 29: The 'New' Live Cattle Futures Contract: Basis Issues by Rob Murphy and Keith Boris

Stress Testing Portfolios to Measure the Risk Faced

by Futures Clearinghouses

by

Roger D. Fuhrman

Suggested citation format:

Fuhrman, R. D.. “Stress Testing Portfolios to Measure the Risk Faced by Futures Clearinghouses," Proceedings of the 1997 NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management. [http://www.farmdoc.uiuc.edu/nccc134]