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Single-Commodity vs. Joint Hedging in Cattle Feeding Cycle: Is Joint Hedging Always Essential?

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  • Fei, Chengcheng
  • Vedenov, Dmitry
  • Stevens, Reid B.
  • Anderson, David

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  • Fei, Chengcheng & Vedenov, Dmitry & Stevens, Reid B. & Anderson, David, 2020. "Single-Commodity vs. Joint Hedging in Cattle Feeding Cycle: Is Joint Hedging Always Essential?," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 0(Preprints), August.
  • Handle: RePEc:ags:jlaare:304776
    DOI: 10.22004/ag.econ.304776
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    File URL: https://ageconsearch.umn.edu/record/304776/files/Fei_preprint.pdf
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    References listed on IDEAS

    as
    1. John Cotter & Jim Hanly, 2006. "Reevaluating hedging performance," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 26(7), pages 677-702, July.
    2. Leuthold, Raymond M. & Noussinov, Mikhail A., 1999. "Optimal Hedging Strategies For The U.S. Cattle Feeder," Journal of Agribusiness, Agricultural Economics Association of Georgia, vol. 17(1), pages 1-19.
    3. Demirer, Riza & Lien, Donald, 2003. "Downside risk for short and long hedgers," International Review of Economics & Finance, Elsevier, vol. 12(1), pages 25-44.
    4. Unser, Matthias, 2000. "Lower partial moments as measures of perceived risk: An experimental study," Journal of Economic Psychology, Elsevier, vol. 21(3), pages 253-280, June.
    5. Fishburn, Peter C, 1977. "Mean-Risk Analysis with Risk Associated with Below-Target Returns," American Economic Review, American Economic Association, vol. 67(2), pages 116-126, March.
    6. Michael S. Haigh & Matthew T. Holt, 2002. "Crack spread hedging: accounting for time-varying volatility spillovers in the energy futures markets," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 17(3), pages 269-289.
    7. Demirer, Riza & Lien, Donald & Shaffer, David R., 2005. "Comparisons of short and long hedge performance: the case of Taiwan," Journal of Multinational Financial Management, Elsevier, vol. 15(1), pages 51-66, February.
    8. Robert A. Collins, 2000. "The risk management effectiveness of multivariate hedging models in the U.S. soy complex," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 20(2), pages 189-204, February.
    9. Gabriel J. Power & Dmitry Vedenov, 2010. "Dealing with downside risk in a multi‐commodity setting: A case for a “Texas hedge”?," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 30(3), pages 290-304, March.
    10. Paul E. Peterson & Raymond M. Leuthold, 1987. "A portfolio approach to optimal hedging for a commercial cattle feedlot," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 7(4), pages 443-457, August.
    11. Lien, Donald & Tse, Y K, 2002. "Some Recent Developments in Futures Hedging," Journal of Economic Surveys, Wiley Blackwell, vol. 16(3), pages 357-396, July.
    12. Paul L. Fackler & Kevin P. McNew, 1993. "Multiproduct Hedging: Theory, Estimation, and an Application," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 15(3), pages 521-535.
    13. Mattos, Fabio & Garcia, Philip & Nelson, Carl, 2008. "Relaxing standard hedging assumptions in the presence of downside risk," The Quarterly Review of Economics and Finance, Elsevier, vol. 48(1), pages 78-93, February.
    14. Raymond M. Leuthold & Paul E. Peterson, 1987. "A portfolio approach to optimal hedging for a commercial cattle feedlot," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 7(2), pages 119-133, April.
    15. Ederington, Louis H, 1979. "The Hedging Performance of the New Futures Markets," Journal of Finance, American Finance Association, vol. 34(1), pages 157-170, March.
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