Advanced Search
MyIDEAS: Login

An option on the average European futures prices for an efficient hog producer risk management


Author Info

  • Martial Phélippé-Guinvarc’H

    (Agricultural Insurance Service of GROUPAMASA, 126 Piazza Mont d’Est, 93199 Noisy Le Grand Cedex et Agrocampus Ouest, UMR1302 SMART, F-35000 Rennes, France)

  • Jean Cordier

    (Agrocampus Ouest, UMR 1302 SMART, 4 allée Adolphe Bobierre - CS 61103, F-35011 Rennes cedex et INRA, UMR 1302 SMART, F-35011 Rennes cedex)


The volatility of hog prices is high compared to most agricultural commodities. However, European hog producers do not benefit from any agricultural policy support. Through the continuous production process and induced selling activity on spot markets, producers benefit from a natural moving average product pricing. In addition, asymmetric price risk management is able to increase the expected utility of risk adverse hog producers. But, if there is a futures contract at the European Exchange (EUREX), there is no option market and as a consequence no derivative contracts on the European hog market. The article is presenting how financial intermediaries could offer an innovative derivative contract to complement the “naturall ” steady price of the French hog producers.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL:
Download Restriction: no

Bibliographic Info

Article provided by INRA Department of Economics in its journal Review of Agricultural and Environmental Studies.

Volume (Year): 91 (2010)
Issue (Month): 1 ()
Pages: 27-42

as in new window
Handle: RePEc:rae:jourae:v:91:y:2010:i:1:p:27-42

Contact details of provider:
Postal: 4, Allée Adolphe Bobierre, CS 61103, 35011 Rennes Cedex
Web page:
More information through EDIRC

Related research

Keywords: price risk; margin risk; hog; futures market; replication portfolio; hedging;

Find related papers by JEL classification:


No references listed on IDEAS
You can help add them by filling out this form.


Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. El Benni, Nadja & Finger, Robert, 2012. "Where is the risk? Price, yield and cost risk in Swiss crop production," 2012 Conference, August 18-24, 2012, Foz do Iguacu, Brazil 126758, International Association of Agricultural Economists.


This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.


Access and download statistics


When requesting a correction, please mention this item's handle: RePEc:rae:jourae:v:91:y:2010:i:1:p:27-42. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Nathalie Saux-Nogues).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.