Year round grazing systems that utilize stockpiled forage and/or crop residue are often promoted as a way for Northern and Western cow-calf producers to reduce winter feeding costs and improve overall profitability. This study compared the profitability of a conventional spring calving/summer...

A recent and extensive literature has pioneered the summing of squared observed intra-daily returns, "realized variance", to estimate the daily integrated variance of financial asset prices, a traditional object of economic interest. We show that, in the presence of market microstructure noise,...