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Optimal futures hedging strategies w...

Riley, John Michael.

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Optimal futures hedging strategies when grid pricing live cattle.

Record Type:	Electronic resources : Monograph/item
Title/Author:	Optimal futures hedging strategies when grid pricing live cattle./
Author:	Riley, John Michael.
Description:	133 p.
Notes:	Source: Masters Abstracts International, Volume: 42-06, page: 2009.
Contained By:	Masters Abstracts International42-06.
Subject:	Economics, Agricultural. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=1420624
ISBN:	0496253727

Optimal futures hedging strategies when grid pricing live cattle.
Riley, John Michael.

Optimal futures hedging strategies when grid pricing live cattle. - 133 p.

Source: Masters Abstracts International, Volume: 42-06, page: 2009.

Thesis (M.S.)--Mississippi State University, 2004.

Grid pricing is rapidly overtaking traditional approaches to the marketing of fed cattle in the United States. Rather than pricing on a live basis, grids are generally based on carcass characteristics of each animal. Studies show that grid pricing potentially offers higher prices for cattle. However, grid pricing also poses significant new risks to the cattle feeder as this method diverges from the existing live cattle futures contract.

ISBN: 0496253727Subjects--Topical Terms:

626648
Economics, Agricultural.

Optimal futures hedging strategies when grid pricing live cattle.
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020 $a 0496253727
035 $a (UnM)AAI1420624
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100 1 $a Riley, John Michael. $3 1938647
245 1 0 $a Optimal futures hedging strategies when grid pricing live cattle.
300 $a 133 p.
500 $a Source: Masters Abstracts International, Volume: 42-06, page: 2009.
500 $a Major Professor: Keith H. Coble.
502 $a Thesis (M.S.)--Mississippi State University, 2004.
520 $a Grid pricing is rapidly overtaking traditional approaches to the marketing of fed cattle in the United States. Rather than pricing on a live basis, grids are generally based on carcass characteristics of each animal. Studies show that grid pricing potentially offers higher prices for cattle. However, grid pricing also poses significant new risks to the cattle feeder as this method diverges from the existing live cattle futures contract.
520 $a This study examines optimal hedging strategies of cattle feeders, when using the existing live cattle futures contract, given three pricing methods: selling live, selling on a grid that rewards cutability, and selling on a grid that rewards quality. Simulated variables are used in analyzing the optimal hedge using the expected utility framework. The results indicate that grid pricing does alter the hedging strategy as it lowers the optimal hedge when compared to live pricing.
590 $a School code: 0132.
650 4 $a Economics, Agricultural. $3 626648
650 4 $a Economics, Finance. $3 626650
690 $a 0503
690 $a 0508
710 2 0 $a Mississippi State University. $3 1017550
773 0 $t Masters Abstracts International $g 42-06.
790 1 0 $a Coble, Keith H., $e advisor
790 $a 0132
791 $a M.S.
792 $a 2004
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=1420624