The paper examines empirical returns from holding thirty- and ninety-day call and put positions, and the forecasting performance of implied volatility in the live and feeder cattle options markets. In both markets, implied volatility is an upwardly biased and inefficient predictor of realized...

The goal of this report is to provide the Illinois Livestock industry with an economic snapshot of the current state of the industry. The State’s livestock and meat and dairy processing sectors significantly contribute to the state’s economy in three important ways: 1) significant economic...

There is increasing evidence that improved agricultural technologies benefit smallholder farmers in sub-Saharan Africa. This evidence is however relatively clearer for innovations in smallholder crop production systems as compared to innovations in livestock production systems. Moreover, it is...

The dairy landscape in the Republic of Ireland is characterized by pastoral spring-calving systems and a bell-shaped milk production curve. This seasonality at producer level initiates various implications at processor level, such as poor utilization of plant capacity off-peak season, a...

A comparative analysis was performed looking at using cash, futures, options, or insurance to manage the price of calves for cow-calf producer. Risk can be reduced with the futures market and with options or LRP insurance. Options and LRP insurance are equivalent in the amount of risk that is...

The abolition of the milk quota regime in April 2015 will provide the opportunity for many profitable Irish dairy farms to increase their production levels. Market risk will influence the decision-making process at the farm level. Dairy farmers have acquired more recent experience of market risk...

This paper considers a range of issues relating to the contribution of meat consumption and livestock production to global warming given the need highlighted by the Committee on Climate Change (CCC) to reduce global GHG emissions by over 50% by 2050. The IPCC Climate Change 2014 report...

Animal health is one of the key factors affecting the economic efficiency of the dairy industry and has important implications within an increasingly competitive marketplace. Despite the fact that the economic gains of ‘best practice’ with regard to animal health have been well documented,...