The reaction of slaughter hog cash and futures prices to USDA hogs and pigs reports

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dc.contributor.author Schroeder, Ted C.
dc.contributor.author Mintert, J.R.
dc.contributor.author Blair, John M.
dc.date.accessioned 2010-04-15T21:48:04Z
dc.date.available 2010-04-15T21:48:04Z
dc.date.issued 2010-04-15T21:48:04Z
dc.identifier.uri http://hdl.handle.net/2097/3636
dc.description.abstract This study examined the reaction of slaughter hog cash and futures prices to USDA Hogs and Pigs reports. Over the 1972-87 period, the nearby live hog futures price had $1/cwt or larger absolute price changes on 48% of the trading days immediately after the Hogs and Pigs report release compared to 6% of the days of the release, suggesting that the reports arc providing important new information to the market. Average price moves in cash and futures markets following the report releases were positive, suggesting that price usually increased the day after the reports. Over the 1972-87 period, the cash price declined on only 38% of the first trading days after the report releases, and the futures market price declined on 43%. The day of the week on which the Hogs and Pigs reports were released had no significant impact on the market's price variability following release. en_US
dc.publisher Kansas State University. Agricultural Experiment Station and Cooperative Extension Service en_US
dc.relation.isPartOf Swine day, 1989 en_US
dc.relation.isPartOf Kansas Agricultural Experiment Station contribution; no. 90-163-S en_US
dc.relation.isPartOf Report of progress (Kansas State University. Agricultural Experiment Station and Cooperative Extension Service); 581 en_US
dc.subject USDA hogs and pigs reports en_US
dc.subject Futures market en_US
dc.subject Price movements en_US
dc.title The reaction of slaughter hog cash and futures prices to USDA hogs and pigs reports en_US
dc.type Conference paper en_US
dc.date.published 1989 en_US
dc.citation.epage 170 en_US
dc.citation.spage 166 en_US
dc.description.conference Swine Day, Manhattan, KS, November 16, 1989 en_US
dc.contributor.authoreid tcs en_US
dc.contributor.authoreid jmintert en_US

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