We study the difference in the volatility dynamics of CBOT corn, soybeans, and oatsfutures prices across different delivery horizons via the smoothed Bayesian estimatorof Karali, Dorfman, and Thurman (2010). We show that the futures price volatilitiesin these markets are affected by the...

Grain prices have risen sharply since 2005 and 2006 affecting livestock markets by increasingfeed prices and leading to significant volatility shocks. The high price levels and magnitude ofsustained high volatilities has raised concerns for many sectors of the economy, in particularthose with...

Taken together, studies that examine how well commodity futures marketsperform find that risk premiums are common—and so unbiasedness is not—and marketsare not uniformly efficient across commodities or forecast horizons. This large body ofresearch sheds important light on whether and to what...

A sertéspiacon a kibocsátott termék mennyiségét és a felvásárlási árakat szabá-lyos éven belüli mozgások (szezonalitás) jellemzik. A sertéshús árának alakulását több tényező befolyásolja, például a termelők által felkínált vágósertések mennyi-sége és a...

Az EU csatlakozás drasztikus hatással volt a hazai tejszektorra, ilyen környe-zetben különösen fontos, hogy a jövőbeni tendenciákról megbízható információk álljanak rendelkezésre. E cikk keretében a hazai, az uniós és a világpiaci helyzet áttekintését, valamint a...

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The paper examines relationships and linkages between the conventional supply chain actors (wholesalers and retailers) and local food producers based on a study conducted in Southeast Michigan. A case study approach was employed to examine chain actors’ operations and to explore their roles,...

The New York State Milk Price Gouging Law establishes that the retail prices of fluid milk products are not to exceed 200% of the prices that NYS milk processors pay for Class I milk. The enforcement of this law significantly affected the nature of the Class I fluid milk price transmission...