文章基本信息

标题：Basis Convergence in Cattle Contracts Before and After Changes to Delivery Specifications
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作者：Schmitz, John D.
期刊名称：Journal of Food Distribution Research
印刷版ISSN：0047-245X
出版年度：1997
期号：SUPPL
出版社：Food Distribution Research Society
摘要：Cattle markets have undergone considerable change, affecting basisconvergence. Since convergence is essential to the market's risk transferrole, revised delivery specifications have been a necessary response.However, basis analysis shows little resulting improvement. Evidence fromfeeder cattle suggests that cash settlement may not achieve satisfactoryresults for live cattle.