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The Price Performance on the Futures Market of a Nonstorable Commodity: Live Beef Cattle
Author(s) -
Leuthold Raymond M.
Publication year - 1974
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1238755
Subject(s) - futures contract , cash , commodity , economics , feeder cattle , futures market , monetary economics , fed cattle , spot contract , financial economics , business , agricultural economics , agricultural science , zoology , finance , biology
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.