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| Jesse, Edward V.; Schuelke, Jacob. |
| Despite the growing volume, trading in milk remains small in comparison to grain and livestock. Part of the reason for limited trading volume is that dairy futures trading is very new compared to grain and livestock trading. There is less experience with risk management strategies and a much smaller research base with respect to basis relationships and price forecasting. Dairy farmers are still "feeling their way." The purpose of this study is to provide a systematic, user-friendly method for forecasting Class III and Class IV prices. The user is allowed to vary regional milk production and stocks of manufactured dairy products to evaluate the sensitivity of point estimates. A sequential process is developed to predict Class III milk prices up to 12... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Demand and Price Analysis. |
| Ano: 2002 |
URL: http://purl.umn.edu/12593 |
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