The Role of Price Risk Management in Mitigating Fed Cattle Profit Exposure
This study identifies the amount and origin of risk in cattle feedlot operations through the use of simulation techniques. Ex ante profit risks are evaluated under scenarios with varying levels of price protection through the use of forward pricing. An empirical probability density function is simul...
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| Format: | Article |
| Language: | English |
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Western Agricultural Economics Association
2008-12-01
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| Series: | Journal of Agricultural and Resource Economics |
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| Online Access: | https://ageconsearch.umn.edu/record/46563 |