Zhao, Huan; Xiaodong, Du; Hennessy, David A. - Department of Economics, Iowa State University - 2011
Feeder cattle are fattened to become fed live cattle 6 months later, and the feeder cattle stock is fixed in the short-run. Efficiency in competitive markets suggests feeder cattle prices should fully reflect feed prices and information on future fed cattle prices. Employing a long time series...
