Life Sciences Commons^™

Determining The Effectiveness Of Optimal Time-Varying Hedge Ratios For Cattle Feeders Under Multiproduct And Single Commodity Settings, Hernan A. Tejeda, Dillon M. Feuz

Applied Economics Faculty Publications

The purpose of this paper is to determine and contrast the risk mitigating effectiveness from optimal multiproduct time-varying hedge ratios, applied to the margin of a cattle feedlot operation, over single commodity time-varying and naive hedge ratios. Design/methodology/approach – A parsimonious regime-switching dynamic correlations (RSDC) model is estimated in two-stages, where the dynamic correlations among prices of numerous commodities vary proportionally between two different regimes/levels. This property simplifies estimation methods for a large number of parameters involved. Findings – There is significant evidence that resulting simultaneous correlations among the prices (spot and futures) for each commodity attain different levels along …

Characterizing The Face Value Of The "Buy Local" Movement, Kynda Curtis

All Current Publications

This fact sheet offers a few insights into the "buy local" movement, specifically the type of people who purchase specialty or differentiated food products, the rationale behind their purchases and their pricing expectations.

Structural Change Of The Western United States Alfalfa Hay Market And Its Effect On The Western United States Dairy Industry, Joseph Patrick Cann

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

Alfalfa is the fourth largest commodity grown in the Western U.S., representing 20% of the crop acreage over the past twenty years. In the last five years alfalfa hay price has doubled from what it was previously, indicating a possible structural change in the market. This research project was completed to test for this structural change using econometric analysis of the important demand components of alfalfa price. In addition to this, simulations of an average Utah dairy were completed to examine which ratio of forage crops provided the highest economic return to the operation.

To analyze the structural change of …