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Journal of Agricultural and Resource Economics >
Volume 33, Number 1, April 2008 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/36709
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| Title: | Information Content in Deferred Futures Prices: Live Cattle and Hogs |
| Authors: | Sanders, Dwight R.
Garcia, Philip
Manfredo, Mark R. |
| Keywords: | forecast evaluation
forecast information
futures markets |
| Issue Date: | 2008-04 |
| Abstract: | The informational content in live cattle and hog deferred futures prices is assessed using a direct test of incremental forecast ability for two- to twelve-month horizons. For 1976-2007, the results indicate that hog futures prices add incremental information at all horizons, but unique information in live cattle prices declines quickly beyond the eight-month horizon with no incremental information at the twelve-month horizon. The contrast in performance is likely attributable to differences in the quality of public information and the nature of the production process. |
| URI: | http://purl.umn.edu/36709 |
| Institution/Association: | Journal of Agricultural and Resource Economics>Volume 33, Number 01, April 2008 |
| Total Pages: | 12 |
| From Page: | 87 |
| To Page: | 98 |
| Collections: | Volume 33, Number 1, April 2008
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| 33010087.pdf | | 4330Kb | PDF | View/Open |
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