IDEAS home Printed from https://ideas.repec.org/a/oup/ajagec/v75y1993i1p131-137..html
   My bibliography  Save this article

Live Cattle Futures Response to Cattle on Feed Reports

Author

Listed:
  • Orlen Grunewald
  • Mark S. McNulty
  • Arlo W. Biere

Abstract

Knight-Ridder surveys provide prerelease expectations of the information in the Cattle on Feed reports. The Knight-Ridder information is employed here, in accordance with the efficient markets hypothesis, to identify the unanticipated information provided in Cattle on Feed reports. Rational expectations theory is used to test Knight-Ridder forecasts for unbiasedness, efficiency, and forecast performance. The forecasts mostly satisfy rationality conditions. Live cattle futures prices respond to unanticipated information about placements and marketings contained in Cattle on Feed releases. However, report information is absorbed quickly.

Suggested Citation

  • Orlen Grunewald & Mark S. McNulty & Arlo W. Biere, 1993. "Live Cattle Futures Response to Cattle on Feed Reports," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 75(1), pages 131-137.
  • Handle: RePEc:oup:ajagec:v:75:y:1993:i:1:p:131-137.
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.2307/1242961
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:ajagec:v:75:y:1993:i:1:p:131-137.. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://edirc.repec.org/data/aaeaaea.html .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.