Futures Markets and Marketing Firms: The U.S. Soybean‐Processing Industry

1992 ◽  
Vol 74 (3) ◽  
pp. 716-725 ◽  
Author(s):  
Sergio H. Lence ◽  
Dermot J. Hayes ◽  
William H. Meyers
Author(s):  
Jeffrey Wright ◽  
Man-Keun Kim ◽  
Hernan A. Tejeda ◽  
Hwa-Neyon Kim

Abstract The dominant market where information is discovered plays the role of price leader providing substantial market information to other markets. This study investigates the dynamic relationships of 30 cattle markets across regions, cattle types, and cash/futures markets. The comparison of many markets, using an error correction model, is accomplished with the introduction of a tournament with a hierarchical cluster analysis, which allows us to conclude that the leading price for the U.S. cattle markets is discovered in the futures markets for both feeder and fed cattle.


Agribusiness ◽  
2005 ◽  
Vol 21 (3) ◽  
pp. 409-428 ◽  
Author(s):  
Ani L. Katchova ◽  
Ian M. Sheldon ◽  
Mario J. Miranda

2014 ◽  
Vol 111 (5) ◽  
pp. 7-34 ◽  
Author(s):  
Eric Masanet ◽  
Adrian Brush ◽  
Ernst Worrell

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