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| Registros recuperados: 20 | |
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| McKenzie, Andrew M.; Singh, Navinderpal. |
| It is well documented that “unanticipated” information contained in USDA crop reports induces large price reactions in corn and soybean markets. Thus, a natural question that arises from this literature is: To what extent are futures hedges able to remove or reduce increased price risk around report release dates? This paper addresses this question by simulating daily futures returns, daily cash returns and daily hedged returns around report release dates for two storable commodities (corn and soybeans) in two market settings (North Central Illinois and Memphis Tennessee). Various risk measures, including “Value at Risk,” are used to determine hedging effectiveness, and “Analysis of Variance” is used to uncover the underlying factors that contribute to... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: USDA Crop Reports; Storage Hedging; Value At Risk; Analysis of Variance; Agricultural Finance. |
| Ano: 2008 |
URL: http://purl.umn.edu/37617 |
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| Hamm, Sandra J.; Goodwin, Harold L., Jr.; McKenzie, Andrew M.. |
| Input prices for broiler production, particularly corn, are becoming increasingly volatile due to increasing competition for corn from ethanol and biofuels production suggesting volatility in poultry profits will follow indicator of profits relating feed input prices and broiler meat output prices, such as a Broiler:corn ratios. Total chicken exports, total chicken ready-to-cook production, number of eggs set, number of chicks placed, and cold storage chicken inventory are used to estimate. Utilizing a distributed lag model, seventeen years of data for three Broiler:corn ratios, broiler exports, egg set, chick placements, cold storage stocks, and ready-to-cook broiler production were utilized to estimate stock share price for four major broiler producers. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Demand and Price Analysis; Livestock Production/Industries. |
| Ano: 2008 |
URL: http://purl.umn.edu/6665 |
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| McKenzie, Andrew M.; Pede, Valerien O.. |
| The degree to which markets are spatially efficient has important implications for market liberalization and other policy reforms. After several attempts to control and regulate the marketing of maize in Benin, a liberalized free-market system was finally adopted in 1990. It was assumed that a free-market system would perform more efficiently and enhance maize market integration compared with the more government oriented systems of the past. However, trade barriers still exist in the form of traders' associations across market locations. Recent market integration literature has focused on the influence of transaction costs and threshold effects on tests for integration. Hansen and Seo's two regime threshold cointegration model is used to analyze the degree... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Marketing. |
| Ano: 2005 |
URL: http://purl.umn.edu/19293 |
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| Goodwin, Harold L., Jr.; McKenzie, Andrew M.; Djunaidi, Harjanto. |
| Predominance of production and marketing contracts in the broiler industry suggests a traditional analysis of price relationships might no longer be appropriate. In this study, markets for broiler cuts are defined as spatial. Results of a vector autoregressive regression analysis of monthly USDA data from 1987 to 2000 verify the price relationship between white meat and whole broiler prices. Price shocks in the boneless skinless breast market have a greater effect than dark meat shocks, suggesting this market is most important in price transmission. These results will assist industry participants to form more effective marketing and pricing strategies, thus adding efficiency to the market. |
| Tipo: Journal Article |
Palavras-chave: Broiler markets; Market structure; Marketing contracts; Price transmission; C4; D4; L1; Q0. |
| Ano: 2003 |
URL: http://purl.umn.edu/43151 |
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| McKenzie, Andrew M.; Thomsen, Michael R.. |
| Using an event study, we examine the impact of recalls for E. Coli O157:H7 on wholesale and farm-level beef prices. Prices for boneless beef, a high-volume product primarily used for processing into ground beef, react negatively to recalls, suggesting incentives exist for packing firms to adopt measures that reduce the risk of contamination. However, there is no reaction in live cattle prices and very little reaction in boxed beef prices to recall events. This suggests short-run price responses found at the wholesale level for boneless beef do not transmit back to the farm level. |
| Tipo: Journal Article |
Palavras-chave: Demand and Price Analysis. |
| Ano: 2001 |
URL: http://purl.umn.edu/31038 |
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| Singh, Navinderpal; McKenzie, Andrew M.. |
| It is well documented that “unanticipated” information contained in USDA crop reports induces large price reactions in corn and soybean markets. Thus, a natural question that arises from this literature is: To what extent are futures hedges able to remove or reduce increased price risk around report release dates? This paper addresses this question by simulating daily futures returns, daily cash returns and daily hedged returns around report release dates for two storable commodities (corn and soybeans) in two market settings (North Central Illinois and Memphis Tennessee). Various risk measures, including “Value at Risk,” are used to determine hedging effectiveness, and “Analysis of Variance” is used to uncover the underlying factors that contribute to... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Agribusiness; Research Methods/ Statistical Methods. |
| Ano: 2008 |
URL: http://purl.umn.edu/6818 |
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| Registros recuperados: 20 | |
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