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Basis Variability On The Feeder Cattle Contract Versus The Failed Stocker Contract

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  • Perversi, Sebastian
  • Feuz, Dillon M.
  • Umberger, Wendy J.

Abstract

Basis variability is compared across markets, over time, between stocker and feeder cattle and the impact of market volume is determined. Variability was significantly greater with the Stocker contract. Volume varied seasonally by market. Increased market volume significantly reduced basis variability. Increased variability in market volume significantly increased basis variability.

Suggested Citation

  • Perversi, Sebastian & Feuz, Dillon M. & Umberger, Wendy J., 2002. "Basis Variability On The Feeder Cattle Contract Versus The Failed Stocker Contract," 2002 Annual Meeting, July 28-31, 2002, Long Beach, California 36592, Western Agricultural Economics Association.
    • Handle: RePEc:ags:waealb:36592
    DOI: 10.22004/ag.econ.36592
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    References listed on IDEAS

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    1. DeeVon Bailey & Monte C. Peterson & B. Wade Brorsen, 1991. "A Comparison of Video Cattle Auction and Regional Market Prices," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 73(2), pages 465-475.
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    Cited by:

    1. Jędrzej Białkowski & Jan Koeman, 2017. "Does the Design of Spot Markets Matter for the Success of Futures Markets? Evidence from Dairy Futures," Working Papers in Economics 17/18, University of Canterbury, Department of Economics and Finance.
    2. Jędrzej Białkowski & Jan Koeman, 2018. "Does the design of spot markets matter for the success of futures markets? Evidence from dairy futures," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 38(3), pages 373-389, March.

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    Keywords

    Livestock Production/Industries;

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