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AgEcon Search >
Sociedade Brasileira de Economia, Administracao e Sociologia Rural (SOBER) >
46th Congress, July 20-23, 2008, Rio Branco, Acre, Brazil >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/96279
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| Title: | A Utilização da BM&F como Instrumento de Gerenciamento de Risco de Preço de Boi Gordo Comercializado em Rondônia |
| Authors: | de Zen, Sergio
Bellotti de Melo, Guilherme |
| Keywords: | Cattle Prices
Risk
Future Market
Rondônia |
| Issue Date: | 2008-07 |
| 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. |
| URI: | http://purl.umn.edu/96279 |
| Institution/Association: | Sociedade Brasileira de Economia, Administracao e Sociologia Rural (SOBER)>46th Congress, July 20-23, 2008, Rio Branco, Acre, Brasil |
| Total Pages: | 14 |
| Collections: | 46th Congress, July 20-23, 2008, Rio Branco, Acre, Brazil
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