Ex ante basis risk in the live hog futur
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Garcia, Philip; Sanders, Dwight R.
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Article
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1996
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John Wiley and Sons
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English
⚖ 977 KB
Forecasting the cash-futures basis for agricultural commodities is an important aspect of a successful marketing strategy [Bobst (1974), Garcia and Good (1983), Chicago Mercantile Exchange (19SS)l. Short hedgers are long the basis and unanticipated basis movements can adversely affect the net price