This article tests the efficiency of the hog options market and assesses the impact of the 1996 contract redesign on efficiency. We find that the hog options market is efficient, but some options yielded excess returns during the live hogs period but not during the lean hogs period. Our findings...

Includes cover page, journal info, contents page, and editorial information

This report is the first chapter of the final report prepared by the Federal/Provincial/Territorial (FPT) Working Group (WG) on Economic Analysis at the request of FPT Assistant Deputy Ministers (ADMs), in a joint FPT effort to study the challenges and opportunities facing the agriculture and...

This 2011 report provides an economic overview of the Canadian agriculture and agri-food system. It is meant to be a multi-purpose reference document to provide: an introduction to the agriculture and agri-food system; a snapshot of structural changes that are occurring throughout the system in...

This article tests the efficiency of the hog options market and assesses the impact of the 1996 contract redesign on efficiency. We find that the hog options market is efficient, but some options yielded excess returns during the live hogs period but not during the lean hogs period. Our findings...