THE IMPACT OF HOG AND PIG REPORTS ON LIVE HOG FUTURES PRICES: AN EVENT STUDY OF MARKET EFFICIENCY

Stephen R. Koontz, Michael A. Hudson and Wayne D. Purcell

No 278981, 1984 Annual Meeting, August 5-8, Ithaca, New York from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Behavior of hog futures prices around USDA hog and pig reports is examined. Price patterns indicate evidence of inefficient markets, but such inefficiency is attributed to inadequate information. Results support the need for more frequent hog and pig reports and/or reporting of breakdown into barrow and gilt slaughter.

Keywords: Livestock Production/Industries; Marketing (search for similar items in EconPapers)
Pages: 17
Date: 1984-08
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea84:278981

DOI: 10.22004/ag.econ.278981

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