 A Utilização da BM&F como Instrumento de Gerenciamento de Risco de Preço de Boi Gordo Comercializado em RondôniaSergio de Zen and Guilherme Bellotti de Melo No 96279, 46th Congress, July 20-23, 2008, Rio Branco, Acre, Brazil from Sociedade Brasileira de Economia, Administracao e Sociologia Rural (SOBER) Abstract: This paper aimed to analyse the BM&F cattle future market as a tool for price risk management for traders that deal cattle in the Rondônia State. In order to reach this goal it was analysed if there is a long-term relationship between the cattle prices in Rondônia and the Esalq/BM&F Cattle Index. Besides that, it was done an examination of the optimal hedge Rio Branco – Acre, 20 a 23 de julho de 2008 Sociedade Brasileira de Economia, Administração e Sociologia Rural ratio and its effectiveness to the year of 2007. The results indicated that the cattle price in Rondônia and the Esalq/BM&F Cattle Index has a long-term relationship, which means the traders can use the BM&F as tool to hedge the cattle price in such state. However, through the optimal hedge ratio and the effectiveness analyses were possible to note that between august and november the BM&F utilization did not contribute significantly to manage the cattle price risk. Keywords: Risk; and; Uncertainty (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ags:sbrfsr:96279 Access Statistics for this paper More papers in 46th Congress, July 20-23, 2008, Rio Branco, Acre, Brazil from Sociedade Brasileira de Economia, Administracao e Sociologia Rural (SOBER) Contact information at EDIRC. |
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