Pricing efficiency in the U.S. hog futures market

Date

1995-05

Journal Title

Journal ISSN

Volume Title

Publisher

Texas Tech University

Abstract

Numerous research effi)rts have tested the pricing efficiency of the hog futures market. However, the definitive conclusion of those tests has not yet been established. The objectives of this study were:

(1) to identify the structural relationships among the factors which affect the price of five hogs;

(2) to formulate the econometric model in order to forecast the five hog prices; and

(3) to examine the pricing efficiency of the hog futures market by investigating the relationship among spot prices, expected spot prices, and futures prices of five hogs.

Time series and econometric methods were used to predict the hog prices.

Description

Rights

Availability

Unrestricted.

Keywords

Futures market, Swine

Citation