Composition of traders in live cattle futures contracts: behavior and implications to price discovery

The concepts of risk transfer and price discovery are well developed roles for futures markets. The interaction between traders in futures markets in the transferring and acceptance of price risk contributes to the discovery of price. Interaction of traders in the risk transfer and price discovery processes is examined in this dissertation. Data employed were for live cattle futures at the Chicago Mercantile Exchange developed from the confidential daily records of reporting trader positions maintained by the Commodity Futures Trading Commission. The analysis was for the period February 1983 through September 1987. The nearby futures contract price, volume, and open interest series supplement the daily trader position data base.

Name thesis:degree_name

Ph. D.

Level thesis:degree_level

doctoral

Discipline thesis:degree_discipline

Agricultural Economics

Department dc:contributor.department

Agricultural Economics

Grantor dc:publisher

Virginia Tech

Year dc:date.issued

1991

Author dc:creator

• Rowsell, John

Chair dc:contributor.committeechair

• Purcell, Wayne D.

Committee members dc:contributor.committeemember

• Chance, D. M.
• Jones, Elwood C.
• Kenyon, D. E.
• Peterson, Everett B.
• Preston, Warren P.

Statement dc:rights

• In Copyright

Licence dc:rights.uri

• http://rightsstatements.org/vocab/InC/1.0/

Language dc:language.iso

en

Dc Identifier Other

etd-10122005-134430

OAI identifier oai:identifier

oai:vtechworks.lib.vt.edu:10919/39772