Factors Affecting Live Cattle Basis
AbstractCattle producers and beef packers need to understand basis determinants as they develop price expectations and make pricing, hedging, and forward contracting decisions. This study empirically estimated factors explaining variability in monthly fed cattle basis. The five main results regarding live cattle basis are 1) corn price is an important determinant, 2) a change in the value of the Choice-to-Select spread positively affects basis, 3) changes in the levels of captive supplies have no significant statistical or economic impact on basis 4) the June 1995 live cattle futures contract did not impact basis, and 5) both market fundamentals and seasonal components are important basis determinants.
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Bibliographic InfoArticle provided by Southern Agricultural Economics Association in its journal Journal of Agricultural and Applied Economics.
Volume (Year): 32 (2000)
Issue (Month): 03 (December)
basis; fed cattle; cattle prices; Livestock Production/Industries; Marketing;
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2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia
46759, Southern Agricultural Economics Association.
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- Schumacher, Stephanie & Peel, Derrell S. & Raper, Kellie Curry, 2013. "Non-Adoption of Best Management Practices: Demographics and Adoption Constraints of Oklahoma Cattle Producers," 2013 Annual Meeting, February 2-5, 2013, Orlando, Florida 143094, Southern Agricultural Economics Association.
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- Burdine, Kenneth H. & Meyer, A. Lee & Maynard, Leigh J., 2004.
"Understanding The Market For Holstein Steers,"
2004 Annual meeting, August 1-4, Denver, CO
20230, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Burdine, Kenneth H. & Meyer, A. Lee & Maynard, Leigh J., 2004. "Understanding the Market for Holstein Steers," Staff Papers 37873, University of Kentucky, Department of Agricultural Economics.
- Maynard, Leigh J. & Meyer, A. Lee & Burdine, Kenneth H., 2004. "Understanding the Market for Holstein Steers," Staff Papers 31978, University of Kentucky, Department of Agricultural Economics.
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