Economic Implications of Nonpar Delivery Points for the Live Cattle Futures Contract
- 1 February 1972
- journal article
- Published by Wiley in American Journal of Agricultural Economics
- Vol. 54 (1) , 111-115
- https://doi.org/10.2307/1237741
Abstract
With variable intermarket price relationships between Omaha and the outlying market areas, the use of a single adjustment factor for nonpar delivery points will not significantly improve hedging opportunities. Using the Guymon (Oklahoma) point to illustrate, the need for more sophisticated adjustment procedures or consideration of separate contracts is demonstrated.Keywords
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