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Commodity Futures Price Theory For Semi-Storable Products

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  • Blank, Steve

Abstract

The objective of this paper is to specify and test a basic futures price theory for semi-storable products. Both live and feeder cattle are tested as examples because it is expected that they will have some characteristics of both perfectly storable and perfectly nonstorable products. Feeder cattle proves to be more storable.

Suggested Citation

  • Blank, Steve, 1981. "Commodity Futures Price Theory For Semi-Storable Products," 1981 Annual Meeting, July 26-29, Clemson, South Carolina 279270, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea81:279270
    DOI: 10.22004/ag.econ.279270
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    File URL: https://ageconsearch.umn.edu/record/279270/files/aaea-1981-031.pdf
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    References listed on IDEAS

    as
    1. Raymond M. Leuthold, 1974. "The Price Performance on the Futures Market of a Nonstorable Commodity: Live Beef Cattle," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 56(2), pages 271-279.
    2. J. Marvin Skadberg & Gene A. Futrell, 1966. "An Economic Appraisal of Futures Trading in Livestock," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 48(5), pages 1485-1489.
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    Cited by:

    1. Bobst, Barry W. & Grunewald, Orlen C. & Davis, Joe T., 1982. "Efficient Cash And Hedged Enterprise Combinations In Feeder Calf Backgrounding Operations," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 14(2), pages 1-6, December.

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