共查询到20条相似文献,搜索用时 15 毫秒
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
The purpose of this study was to assess the basis behavior of the Live Cattle Futures contract at the Chicago Mercantile Exchange (CME) before and after the 1995 contract changes. Additionally, an alternative method of basis calculation utilizing weighted mean futures prices versus settlement futures prices was compared to determine which method provides a better representation of the basis level. Within a regression model with heteroskedascity error framework, we found that the level of nearby basis in the period after June 1995 has shifted lower and the average monthly open interest of net commercial long positions has substantially increased after the contract modifications. These empirical results are consistent with the notion that more long activity entered the market in response to the contract modifications. Additionally, an alternative (new) measure of basis calculation (cash price minus weighted mean futures price) produced similar results to two other commonly used measures. In conclusion, the 1995 contract changes have neither increased nor decreased the volatility of live cattle basis. © 2004 Wiley Periodicals, Inc. Jrl Fut Mark 24:557–590, 2004 相似文献
11.
过去几年随着育种加快,牧场牛群单产水平呈大幅提高,但母牛的繁殖力也随着发生变化.尤其是高产奶牛,在产后的泌乳高峰期由于受到各种应激,表现出发情症状不明显.不发情.受胎率低及怀胎死亡等,从而导致繁殖率下降. 相似文献
12.
高洪 《中国对外贸易(英文版)》2011,(4)
过去几年随着育种加快,牧场牛群单产水平呈大幅提高,但母牛的繁殖力也随着发生变化.尤其是高产奶牛,在产后的泌乳高峰期由于受到各种应激,表现出发情症状不明显.不发情.受胎率低及怀胎死亡等,从而导致繁殖率下降. 相似文献
13.
14.
15.
16.
17.
18.
19.
Alternative estimates of weighted implied volatilities from soybean and live cattle options 总被引:1,自引:0,他引:1
Calum G. Turvey 《期货市场杂志》1990,10(4):353-366