Dissertations and Theses @ UNI
Availability
Open Access Thesis
Keywords
Beef cattle--Marketing;
Abstract
There has been extensive research and study in the area of hedging price risk of agricultural products on commodity futures markets. This work, however, has been limited almost entirely to the hedging of grain. The first attempt to conduct futures trading in a live commodity began on November 30, 1964, with the advent of futures trading in live beef cattle. In the absence of research and experience with trading of this kind there has been a tendency to transfer conventional futures market logic, with respect to hedging, almost unaltered to the futures market for live cattle. Some researchers have felt, however, that live beef cattle and Live Beef Cattle futures have some characteristics differing from those of most commodities traded in the futures markets, and that these differences may affect the usefulness of the Live Beef Cattle futures as a hedging tool. It was the purpose of this study to examine how Live Beef Cattle futures might be used by farmer cattle feeders as a mean of reducing the price uncertainty attendant in the cattle feeding enterprise. A hypothetical cattle feeding operation consisting of one group of cattle fed each year was used as a basis or the study. The quality and weight characteristics of the cattle used in this study were assumed to meet Live Beef Cattle futures contract specification of the Chicago Mercantile Exchange.
Year of Submission
1969
Degree Name
Master of Arts
Department
Department of Business and Business Education
First Advisor
Leonard J. Keefe
Second Advisor
James T. Blanford
Third Advisor
Harley E. Erickson
Date Original
1969
Object Description
1 PDF file (115 leaves)
Copyright
©1969 Philip Paul Hufferd
Language
en
File Format
application/pdf
Recommended Citation
Hufferd, Philip Paul, "An Evaluation of the Futures Market in Live Beef Cattle as a Means of Shifting the Risk Inherent in Cattle Feeding" (1969). Dissertations and Theses @ UNI. 2991.
https://scholarworks.uni.edu/etd/2991
Comments
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