Options with different maturities can be used to generate an implied forward volatility, a volatility forecast for non-overlapping future time intervals. Using five commodities with varying characteristics, we find that the implied forward volatility dominates forecasts based on historical...

The purpose of this paper is to investigate the feasibility of a new futures contract for hedging wholesale transactions in the beef industry based on the USDA boxed beef cutout index (BBCO). The results suggest the live cattle futures contract is not an adequate tool to manage the price risk of...

Nach den aktuellen Erkenntnissen der nutztierwissenschaftlichen Forschung rekurriert das Verständnis von Animal Welfare auf vier Kriterien: Haltungssystem, Management, Tiergesundheit und Tierverhalten (KEELING und KJ™RNES, 2009). Es ist jedoch unklar, inwieweit sich dieses Verständnis auch...

This paper investigates the dynamics of sequential decision-making in agricultural futures and options markets using a quantile regression framework. Analysis of trading records of 12 traders suggests that there is great heterogeneity in individual trading behavior. Traders respond differently...