FUTURES PRICES OF BEEF CATTLE, AND THE THEORY OF NONSTORABLE COMMODITIES

Steven Blank ()

No 278303, 1979 Annual Meeting, July 29-August 1, Pullman, Washington from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: The long-hald hypothesis of independence between futures prices of individual month contracts for nonstorable commodities is tested for live cattle and feeder cattle. The hypothesis is rejected for both sets of data. It is also suggested that certain characteristics of a market will influence prices generated by that market.

Keywords: Livestock; Production/Industries (search for similar items in EconPapers)
Pages: 13
Date: 1979-07
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea79:278303

DOI: 10.22004/ag.econ.278303

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