The Price Performance on the Futures Market of a Nonstorable Commodity: Live Beef Cattle

Raymond M. Leuthold

American Journal of Agricultural Economics, 1974, vol. 56, issue 2, 271-279

Abstract: Cash cattle prices are found to be more accurate indicators of subsequent cash cattle price conditions than are the futures prices for distant contracts. This apparent relative inability of futures prices for live beef cattle to reflect later spot prices is becoming more pronounced over time.

Date: 1974
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