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PROAGRO is the leading firm in the broiler business in Venezuela. It is integrated through hatchery, grow-out, processing and distribution activities. As a consequence of strict price regulation policies enforced by the government in the poultry products, PROAGRO experienced serious injury to...
Persistent link: https://www.econbiz.de/10009445346
Legislative authorization for the Livestock Mandatory Reporting Act of 1999 was renewed in October of 2006. One of the cited justifications for implementing mandatory reporting was that the voluntary reporting system for the slaughter cattle cash market was unable to provide accurate and timely...
Persistent link: https://www.econbiz.de/10009445757
The increasing use of production contracts in the hog sector has reduced the number of spot market transactions, raised concerns about price manipulation and helped to spur legislation requiring price reporting by packers. Using data from the 2002 and 2007 Censuses of Agriculture, this study...
Persistent link: https://www.econbiz.de/10009446077
In recent decades there has been a substantial increase in the scale of production and the use of production contracts in the hog sector. This paper explores empirically whether these two phenomena are related by examining whether the use of production contracts has allowed finish hog operations...
Persistent link: https://www.econbiz.de/10009446078
marketing system (VBMS); to replace the current cash marketing system. The value based marketing concept and the probability of … it successfully supplanting the current cash marketing system for fed cattle is discussed and evaluated. A comparative … empirical analysis of a VBMS relative to the current cash marketing system is reported. Evidence suggests that the ability of a …
Persistent link: https://www.econbiz.de/10009446200
The paper examines empirical returns from holding thirty- and ninety-day call and put positions,and the forecasting performance of implied volatility in the live and feeder cattle optionsmarkets. In both markets, implied volatility is an upwardly biased and inefficient predictor ofrealized...
Persistent link: https://www.econbiz.de/10009446388
This paper investigates whether the accuracy of outlook hog price forecasts can be improvedusing composite forecasts in an out-of-sample context. Price forecasts from four wellrecognizedoutlook programs are combined with futures-based forecasts, ARIMA, andunrestricted Vector Autoregressive (VAR)...
Persistent link: https://www.econbiz.de/10009446396
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