Dong, Fengxia; Du, Xiaodong; Gould, Brian W. - 2011
statistically significant impacts on milk price volatility. While speculation positively affects milk futures markets, the effect … settlement feature of Class IIII milk futures contracts generate a unique volatility pattern of these futures markets in the … sense that the volatility gradually decreases as the USDA price announcement dates approaching in the month. Focusing on the …