{"id":{"repo_id":"uiuc","oai_identifier":"oai:www.ideals.illinois.edu:2142/66776"},"canonical_url":"https://search.dev.ndltd.org/etd/uiuc/oai:www.ideals.illinois.edu:2142/66776","repository":{"repo_id":"uiuc","name":"University of Illinois - Urbana-Champaign","base_url":"https://www.ideals.illinois.edu/oai-pmh"},"display":{"title":"The Forward-Pricing Efficiency of The Live-Hog Futures Market","abstract":"Survey results indicate that some hog producers use the live-hog futures price as the expected cash price, as such the futures price is an important piece of information to the hog producer.","abstract_html":"Survey results indicate that some hog producers use the live-hog futures price as the expected cash price, as such the futures price is an important piece of information to the hog producer.","abstract_has_math":false,"creators":["Hartmann, Peter Alexander"],"institution":"University of Illinois at Urbana-Champaign","degree_name":"Ph.D.","degree_level":"Dissertation","degree_discipline":"Agricultural Economics","degree_department":null,"school":null,"contributors":[],"advisors":[],"committee_chairs":[],"committee_members":[],"year":2014,"date_issued":"2014-12-13T19:23:32Z","date_published":"2014-12-13T19:23:32Z","updated_at":"2026-07-22T22:25:56Z","subjects":["Economics, Agricultural"],"languages":["eng"],"rights":[],"rights_urls":[],"identifier_entries":[{"key":"dc:identifier","label":"Identifier","values":["(UMI)AAI8011106"],"render_values":[{"text":"(UMI)AAI8011106","href":null,"code":true}]}]},"links":{"outbound_url":"http://hdl.handle.net/2142/66776","outbound_label":"Handle","outbound_source":"dc:identifier"},"metadata_groups":[{"id":"people","label":"People","entries":[{"key":"dc:creator","label":"Author","values":["Hartmann, Peter Alexander"]}]},{"id":"academic_context","label":"Academic Context","entries":[{"key":"dc:date","label":"Dc Date","values":["2014-12-13T19:23:32Z","10000-01-01","1979"]},{"key":"dc:type","label":"Dc Type","values":["text"]},{"key":"thesis:degree_discipline","label":"Discipline","values":["Agricultural Economics"]},{"key":"thesis:degree_level","label":"Degree Level","values":["Dissertation"]},{"key":"thesis:degree_name","label":"Degree Name","values":["Ph.D."]},{"key":"thesis:institution_name","label":"Thesis Institution Name","values":["University of Illinois at Urbana-Champaign"]}]},{"id":"subjects_keywords","label":"Subjects and Keywords","entries":[{"key":"dc:subject","label":"Dc Subject","values":["Economics, Agricultural"]}]},{"id":"language_rights","label":"Language and Rights","entries":[{"key":"dc:language","label":"Dc Language","values":["eng"]}]},{"id":"identifiers","label":"Identifiers","entries":[{"key":"dc:identifier","label":"Identifier","values":["http://hdl.handle.net/2142/66776","(UMI)AAI8011106"]}]},{"id":"additional","label":"Additional Metadata","entries":[{"key":"dc:description","label":"Description","values":["Survey results indicate that some hog producers use the live-hog futures price as the expected cash price, as such the futures price is an important piece of information to the hog producer.","This study is concerned with the quality of this information in terms of its accuracy in predicting the cash price. The objective of the study is to evaluate the forward-pricing efficiency of the live-hog futures market. In order to test this efficiency a semi-strong form test of market efficiency is applied. A market is said to be semi-strong efficient if it utilizes all publically available market information. To apply the semi-strong form test an econometric model of the live-hog sector is built. Price predictions are generated from this model which are used as a norm against which futures prices are compared. Two different measures are used to compare the prices.","The results indicate that for certain periods during 1971 and 1976, the live-hog futures market did not utilize all available information or utilized it incorrectly, and it is concluded that the live-hog futures market is an inefficient market.","Made available in DSpace on 2014-12-13T19:23:32Z (GMT). No. of bitstreams: 1 8011106.pdf: 3627562 bytes, checksum: 3c1f4b9a8233a4e9d1f56ac259792431 (MD5) Previous issue date: 1979","Embargo set by: Seth Robbins for item 66954 Lift date: Forever Reason: Restricted to the U of I community idenfinitely during batch ingest of legacy ETDs","Restricted to the U of I community idenfinitely during batch ingest of legacy ETDs","U of I Only","97 p.","Thesis (Ph.D.)--University of Illinois at Urbana-Champaign, 1979."]},{"key":"dc:title","label":"Title","values":["The Forward-Pricing Efficiency of The Live-Hog Futures Market"]}]}],"canonical_facts":{"dc:creator":["Hartmann, Peter Alexander"],"dc:date":["2014-12-13T19:23:32Z","10000-01-01","1979"],"dc:description":["Survey results indicate that some hog producers use the live-hog futures price as the expected cash price, as such the futures price is an important piece of information to the hog producer.","This study is concerned with the quality of this information in terms of its accuracy in predicting the cash price. The objective of the study is to evaluate the forward-pricing efficiency of the live-hog futures market. In order to test this efficiency a semi-strong form test of market efficiency is applied. A market is said to be semi-strong efficient if it utilizes all publically available market information. To apply the semi-strong form test an econometric model of the live-hog sector is built. Price predictions are generated from this model which are used as a norm against which futures prices are compared. Two different measures are used to compare the prices.","The results indicate that for certain periods during 1971 and 1976, the live-hog futures market did not utilize all available information or utilized it incorrectly, and it is concluded that the live-hog futures market is an inefficient market.","Made available in DSpace on 2014-12-13T19:23:32Z (GMT). No. of bitstreams: 1 8011106.pdf: 3627562 bytes, checksum: 3c1f4b9a8233a4e9d1f56ac259792431 (MD5) Previous issue date: 1979","Embargo set by: Seth Robbins for item 66954 Lift date: Forever Reason: Restricted to the U of I community idenfinitely during batch ingest of legacy ETDs","Restricted to the U of I community idenfinitely during batch ingest of legacy ETDs","U of I Only","97 p.","Thesis (Ph.D.)--University of Illinois at Urbana-Champaign, 1979."],"dc:identifier":["http://hdl.handle.net/2142/66776","(UMI)AAI8011106"],"dc:language":["eng"],"dc:subject":["Economics, Agricultural"],"dc:title":["The Forward-Pricing Efficiency of The Live-Hog Futures Market"],"dc:type":["text"],"thesis:degree_discipline":["Agricultural Economics"],"thesis:degree_level":["Dissertation"],"thesis:degree_name":["Ph.D."],"thesis:institution_name":["University of Illinois at Urbana-Champaign"]},"updated_at":"2026-07-22T22:25:56Z"}