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SPATIAL ANALYSIS OF FEEDER CATTLE HEDGING RISK
Brian K. Coffey,
John D. Anderson and
Joseph L. Parcell
2002 Annual Meeting, July 28-31, 2002, Long Beach, California from Western Agricultural Economics Association
Optimal hedge ratios are estimated for various weights of feeder cattle in four cash markets based on CME data from 1992 to 1999. Three-month uniform hedges are simulated for every weight, contract, and cash market combination. Hedging effectiveness is compared empirically across locations to identify spatial differences in hedging risk.
Keywords: feeder cattle; hedging risk; hedge ratios; Livestock Production/Industries; Risk and Uncertainty (search for similar items in EconPapers)
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