IDEAS home Printed from https://ideas.repec.org/p/ags/nc8191/285673.html
   My bibliography  Save this paper

Commodity Futures Market Reaction to Anticipated Public Reports: Frozen Pork Bellies

Author

Listed:
  • Yang, Li

Abstract

This paper investigates the reaction of the frozen pork bellies futures market to the release of inventory information. Knight-Ridder releases their analysts' forecasts two days prior to the estimates provided by USDA. The model provides a direct link between analysts' forecasts, the USDA estimates, and traders' beliefs on the frozen pork bellies inventories in storage. It differs from previous studies in that the price reaction depends on the information content of the difference between the USDA estimates and the analysts' forecasts, and on the dispersion among the analysts' forecasts. It is shown that empirical tests based solely on the information content of the forecasts induce possible measurement error and result in the biased findings.

Suggested Citation

Handle: RePEc:ags:nc8191:285673
DOI: 10.22004/ag.econ.285673
as

Download full text from publisher

File URL: https://ageconsearch.umn.edu/record/285673/files/confp7-96.pdf
Download Restriction: no
File URL: https://libkey.io/10.22004/ag.econ.285673?utm_source=ideas
LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
---><---

More about this item

Keywords

;

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:ags:nc8191:285673. 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: AgEcon Search (email available below). General contact details of provider: http://www.farmdoc.illinois.edu/nccc134/ .

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.