Replaced with revised version of paper 07/18/08.

Replaced with revised version of paper 07/29/10.

This paper determines the dynamic interaction between prices of corn, soybean, grain sorghum (milo), wheat, feeder cattle and live (fed) cattle by taking into account the surge in corn consumption stemming from the boost of mandated ethanol production. Corn is a major carbohydrate-feed component...

Grain prices have risen sharply since 2005 and 2006 affecting livestock markets by increasing feed prices and leading to significant volatility shocks. The high price levels and magnitude of sustained high volatilities has raised concerns for many sectors of the economy, in particular those with...

Optimal multiproduct time-varying hedge ratios are determined - for a soybean complex - and their risk-mitigating impact is contrasted over single-commodity time-varying and naive hedge ratios. A parsimonious regime-switching dynamic correlation model is employed, with the estimated dynamic...

Replaced with revised version of paper 07/18/08.

Replaced with revised version of paper 07/29/10.

Grain prices have risen sharply since 2005 and 2006 affecting livestock markets by increasingfeed prices and leading to significant volatility shocks. The high price levels and magnitude ofsustained high volatilities has raised concerns for many sectors of the economy, in particularthose with...

Replaced with revised version of paper 07/29/09.