Seller-Offered Forward Contracts: An Additional Benefit to Cattle Producers from Satellite Video Auctions

Satellite video auctions make possible producer/seller-offered forward contracting. We outline a pricing theory for these markets for feeder cattle. Empirically, we uncover price premiums received for forward contracted cattle, indicating that satellite video auctions offer ranchers a market outlet that does not carry the pricing disadvantages of traditional forward contracts.


Issue Date:
2014
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/162323
Total Pages:
29




 Record created 2017-04-01, last modified 2017-08-27

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