Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

Dominant‐satellite relationships between live cattle cash and futures markets

Dominant‐satellite relationships between live cattle cash and futures markets Stephen R . Koontz is a Graduate Fellow in the Department o f Agricultural Economics, University o Illinois at Urbana-Champaign. f Philip Garcia is a Professor in the Department of Agricultural Economics, University of Illinois at Urbana-Champaign. Michael A . Hudson is a n Associate Professor in the Department o f Agricultural Economics, University o Illinois at Urbana-Champaign. f The Journal of Futures Markets, Vol. 10, No. 2, 123-136 (1990) 0 1990 by John Wiley & Sons, Inc. CCC 0270-73 14/90/020123-14$04.CJO metry of feedback between markets. The use of the symmetry tests for strength of feedback relationships is important because previous research has noted a high degree of market interaction (see Purcell and Hudson (1985)). The linkages between price discovery and the changing structure of the U.S. cattle industry are examined through analysis of spatial prices over three time periods between 1973-84. The analysis focuses on four questions: (1) How have the spatial relationships and the relationship between the spatial cash market and futures prices changed over time?; (2) Are there subsets of live cattle markets that are most influential in the price discovery process?; (3) Have these subsets changed over time?; and (4) Are these pricing patterns http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Journal of Futures Markets Wiley

Dominant‐satellite relationships between live cattle cash and futures markets

Loading next page...
 
/lp/wiley/dominant-satellite-relationships-between-live-cattle-cash-and-futures-QskpvlHzgi

References (21)

Publisher
Wiley
Copyright
Copyright © 1990 Wiley Periodicals, Inc., A Wiley Company
ISSN
0270-7314
eISSN
1096-9934
DOI
10.1002/fut.3990100204
Publisher site
See Article on Publisher Site

Abstract

Stephen R . Koontz is a Graduate Fellow in the Department o f Agricultural Economics, University o Illinois at Urbana-Champaign. f Philip Garcia is a Professor in the Department of Agricultural Economics, University of Illinois at Urbana-Champaign. Michael A . Hudson is a n Associate Professor in the Department o f Agricultural Economics, University o Illinois at Urbana-Champaign. f The Journal of Futures Markets, Vol. 10, No. 2, 123-136 (1990) 0 1990 by John Wiley & Sons, Inc. CCC 0270-73 14/90/020123-14$04.CJO metry of feedback between markets. The use of the symmetry tests for strength of feedback relationships is important because previous research has noted a high degree of market interaction (see Purcell and Hudson (1985)). The linkages between price discovery and the changing structure of the U.S. cattle industry are examined through analysis of spatial prices over three time periods between 1973-84. The analysis focuses on four questions: (1) How have the spatial relationships and the relationship between the spatial cash market and futures prices changed over time?; (2) Are there subsets of live cattle markets that are most influential in the price discovery process?; (3) Have these subsets changed over time?; and (4) Are these pricing patterns

Journal

The Journal of Futures MarketsWiley

Published: Apr 1, 1990

There are no references for this article.