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 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 optionsmarkets. In both markets, implied volatility is an upwardly biased and inefficient predictor ofrealized...

Recent accusations against speculators in general and long-only commodity index funds in particular, include: increasing market volatility, distorting historical price relationships, and fueling a rapid increase and decrease in commodity inflation. Some researchers have argued that these market...

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...

Recent accusations against speculators in general and long-only commodity index funds inparticular, include: increasing market volatility, distorting historical price relationships, andfueling a rapid increase and decrease in commodity inflation. Some researchers have argued thatthese market...

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...

This statistical reference presents current and historical data on U.S. foreign trade in agricultural products. Detailed tables cover commodity and country information for fiscal years 1984 and 1985, including value, quantity, principal .markets £or agricultural exports and imports and exports...

U.S. agricultural export values rose 5 percent in calendar year 1984 to $37.8 billion, the first increase since 1981. U. S. agricultural imports in 1984 jumped to a record $19.3 billion, up $2.8 billion. from 1983. High U.S. interest rates and rapid economic growth helped strengthen the dollar...

U.S. agricultural export values rose 5 percent in calendar year 1984 to $37.8 billion, the first increase since 1981. If U.S. agricultural imports in 1984 jumped to a record $19.3 billion, up $2.8 billion from 1983. High U.S. interest rates and rapid economic growth helped strengthen the dollar...

This statistical reference presents current and historical data on U.S. foreign Detailed tables cover commodity and country trade in agricultural products. information for fiscal years 1983 and 1984, including value, quantity, and principal markets for agricultural imports and exports, and...