Data/hora: 02/06/2024 17:21:03

Provedor de dados: | 31
País: | United States
Título: | GO AHEAD, COUNT YOUR CHICKENS: CROSS-HEDGING STRATEGIES IN THE BROILER INDUSTRY
Autores: | Maynard,   Leigh J.; Dillon,   Carl R.; Carter,   Joy.
Data: | 2005-06-28
Ano: | 2001
Palavras-chave: | Broiler industry; Formula pricing; Hedging strategies; Mean-variance analysis; Stochastic dominance; Livestock Production/Industries; Marketing.
Resumo: | Some suppliers of broilers without giblets (WOG) offer customers a choice between paying Urner Barry's WOG quote or a formula price based on futures prices.  From a buyer's perspective, the formula price examined in this study is second-degree stochastic dominant.  The formula price allows the seller to set perfect cross-hedges of WOGs with corn and soymeal.  Stochastic dominance and mean variance results suggested that the seller's dominant strategy would shift from the Urner Barry quote to the hedged formula price as risk aversion increased.  Input-based formula pricing may be usefully extended to other industries.
Tipo: | Journal Article
Idioma: | Inglês

Identificador:

16806

http://purl.umn.edu/15295

Editor: | AgEcon Search
Relação: | Journal of Agricultural and Applied Economics&gt;Volume 33, Number 01, April 2001

Formato:

12

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