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Hedging Wholesale Beef Cuts

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  • Schroeder, Ted C.
  • Yang, Xiaolou

Abstract

Live cattle futures markets do not offer much opportunity for effective hedging of wholesale beef cuts. If a Choice-to-Select price spread futures contract were introduced this would enhance hedging effectiveness although likely not enough to encourage cross hedging. If a Choice boxed beef futures contract were introduced, hedging Choice wholesale beef cuts would be less risky and the addition of a Choice-to-Select price spread would enhance hedging effectiveness especially for Select wholesale beef cuts.

Suggested Citation

  • Schroeder, Ted C. & Yang, Xiaolou, 2001. "Hedging Wholesale Beef Cuts," 2001 Annual Meeting, July 8-11, 2001, Logan, Utah 36091, Western Agricultural Economics Association.
    • Handle: RePEc:ags:waealo:36091
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    File URL: http://purl.umn.edu/36091
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    References listed on IDEAS

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    1. Parcell, Joe L. & Schroeder, Ted C. & Dhuyvetter, Kevin C., 2000. "Factors Affecting Live Cattle Basis," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 32(03), pages 531-541, December.
    2. Namken, Jerry C. & Farris, Donald E. & Capps, Oral, Jr., 1994. "The Demand For Wholesale Beef Cuts By Season And Trend," Journal of Food Distribution Research, Food Distribution Research Society, vol. 25(2), September.
    3. Capps, Oral & Farris, Donald E. & Byrne, Patrick J. & Namken, Jerry C. & Lambert, Charles D., 1994. "Determinants of Wholesale Beef-Cut Prices," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 26(01), pages 183-199, July.
    4. Marvin L. Hayenga & Bingrong Jiang & Sergio H. Lence, 1996. "Improving wholesale beef and pork product cross hedging," Agribusiness, John Wiley & Sons, Ltd., vol. 12(6), pages 541-559.
    5. Shroeder, Ted C. & Mintert, James R., 1988. "Hedging Feeder Steers And Heifers In The Cash-Settled Feeder Cattle Futures Market," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 13(02), December.
    6. Myers, Robert J. & Thompson, Stanley R., 1988. "Generalized Optimal Hedge Ratio Estimation," Staff Papers 200967, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    7. Anderson, Ronald W & Danthine, Jean-Pierre, 1981. "Cross Hedging," Journal of Political Economy, University of Chicago Press, vol. 89(6), pages 1182-1196, December.
    8. Elam, Emmett W., 1988. "Estimated Hedging Risk With Cash Settlement Feeder Cattle Futures," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 13(01), July.
    9. Lusk, Jayson L. & Marsh, Thomas L. & Schroeder, Ted C. & Fox, John A., 2001. "Wholesale Demand For Usda Quality Graded Boxed Beef And Effects Of Seasonality," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 26(01), July.
    10. Capps, Oral, Jr. & Farris, Donald E. & Byrne, Patrick J. & Namken, Jerry C. & Lambert, Charles D., 1994. "Determinants Of Wholesale Beef-Cut Prices," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 26(01), July.
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    Cited by:

    1. Steiner, Bodo E., 2007. "Formal beef alliances and alignment challenges: issues in contracting, pricing and quality," Project Report Series 7709, University of Alberta, Department of Resource Economics and Environmental Sociology.

    More about this item

    Keywords

    Livestock Production/Industries; Marketing;

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