The Mystery of Manipulation

David Ress ()
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David Ress: University of New England

Chapter Chapter 7 in Market Manipulation and The Price of Eggs, 2025, pp 103-118 from Springer

Abstract: Abstract Even as the case of the egg futures trading worked it way through the regulatory process, Henner and a partner launched another campaign to move futures prices, in this case, in the newer pork bellies futures market. This took the more traditional form of a market corner, In this case, regulators did not act, but many years later, the new Commodity Futures Trading Commission would suggest this was a mistake—even though, in another precedent-setting matter, the Indiana Farm Bureau manipulation case, they would formally reject the egg futures case argument that action proved intent and therefore manipulation to create a false price. The dissents in this case, however, highlighted a critical point: that financial market efficiency is not the same thing as the efficient allocation of resources and income.

Keywords: Futures markets; Market manipulation; Artificial prices; Market corner; CFTC (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-87171-9_7

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DOI: 10.1007/978-3-031-87171-9_7

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