Frank, Julieta; Garcia, Philip; Irwin, Scott H. - In: Journal of Agricultural and Applied Economics 40 (2008) 01
We reassess the effect of new information in the Hogs and Pigs Reports (HPR) focusing on announcements’ rationality and alternative surprises. HPR announcements are irrational estimates of final estimates, and market expectations are irrational estimates of HPR numbers. Using the...
