文章基本信息

标题：The Role of Price Risk Management in Mitigating Fed Cattle Profit Exposure
本地全文：下载
作者：Belasco, Eric J.
期刊名称：Journal of Food Distribution Research
印刷版ISSN：0047-245X
出版年度：2008
卷号：39
期号：SUPPL
出版社：Food Distribution Research Society
摘要：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 simulated to capture the mean and variability in prices and cattle production yields within a specified profit under difference assumptions regarding the relative importance of production risk and price risk in overall cattle feeding profits.
关键词：Corn prices;livestock production;multivariate simulation