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Feasibility of using futures contracts of the Chicago Mercantile Exchange for hedging price risk in Chilean cattle

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dc.creatorTroncoso-Sepúlveda, Ricardospa
dc.creatorCabas-Monje, Juanspa
dc.date.accessioned2020-05-25T23:56:47Z
dc.date.available2020-05-25T23:56:47Z
dc.date.created2019spa
dc.description.abstractThe aim of this paper is to study the feasibility of using Chicago Mercantile Exchange futures contracts as a price risk hedging instrument for cattle in Chile. For this purpose, seasonal unit root tests were performed, and the Johnson-Stein model was used to estimate the minimum risk hedge ratios between 1975 and 2012. The results show that the cattle markets are integrated and that the optimal hedge ratio for a livestock producer is in line with the estimated ratios for other commodities. These findings can be useful for agricultural policy makers in developing countries because they confirm the potential of this type of instrument to reduce the price risk for livestock producers and provide empirical arguments to encourage its use. © 2018 Universidad de Antioquia. All rights reserved.spa
dc.format.mimetypeapplication/pdf
dc.identifier.doihttps://doi.org/10.17533/udea.le.n90a01
dc.identifier.urihttps://repository.urosario.edu.co/handle/10336/22518
dc.language.isospaspa
dc.publisherUniversidad de Antioquiaspa
dc.relation.citationEndPage44
dc.relation.citationIssueNo. 90
dc.relation.citationStartPage9
dc.relation.citationTitleLecturas de Economia
dc.relation.ispartofLecturas de Economia,No.90 (2019); pp. 9-44spa
dc.relation.urihttps://www.scopus.com/inward/record.uri?eid=2-s2.0-85059278033&doi=10.17533%2fudea.le.n90a01&partnerID=40&md5=7f27cbe670b9aaa2791cf6c8415cb53cspa
dc.rights.accesRightsinfo:eu-repo/semantics/openAccess
dc.rights.accesoAbierto (Texto Completo)spa
dc.source.instnameinstname:Universidad del Rosariospa
dc.source.reponamereponame:Repositorio Institucional EdocURspa
dc.subject.keywordAgricultural policyspa
dc.subject.keywordCriteria for decision-making under riskspa
dc.subject.keywordFutures pricingspa
dc.subject.keywordInternational financial marketsspa
dc.subject.keywordUncertaintyspa
dc.titleFeasibility of using futures contracts of the Chicago Mercantile Exchange for hedging price risk in Chilean cattlespa
dc.title.TranslatedTitleFactibilidad del uso de contratos de futuros del Chicago Mercantile Exchange para la cobertura del riesgo de precio en el ganado bovino chilenospa
dc.typearticleeng
dc.type.hasVersioninfo:eu-repo/semantics/publishedVersion
dc.type.spaArtículospa
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