The live cattle futures market and daily
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B. Wade Brorsen; Charles M. Oellermann; Paul L. Farris
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Article
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1989
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John Wiley and Sons
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English
โ 660 KB
1' cash prices. The live cattle futures in particular have been criticized. Although some have argued that futures trading can lower the average level of cash prices (Wise, 1962;Bagnell, 1963), a more common belief is that futures markets tend to destabilize cash prices and thus increase the risk fa