Proft Maximizing Hedging Strategies for Managers and Members of Vertical Beef Alliances

Vertical alliances are an increasingly common form of organization for participants in the beef industry. The implications of combining feeding and packing margins into one alliance are investigated. Moving average based selective hedging strategies are used to hedge the major inputs and outputs for cattle owners and packers to improve the level of mean revenue to the alliance. The success of the hedging program is evaluated from mean-variance and cash-flow perspectives.

Name thesis:degree_name

Master of Science

Level thesis:degree_level

masters

Discipline thesis:degree_discipline

Agricultural and Applied Economics

Department dc:contributor.department

Agricultural and Applied Economics

Grantor dc:publisher

Virginia Tech

Year dc:date.issued

2003

Author dc:creator

• Claus, Lora Hamerschlag

Chair dc:contributor.committeechair

• Purcell, Wayne D.

Committee members dc:contributor.committeemember

• Kenyon, David E.
• Reaves, Dixie Watts

• moving average
• cattle
• risk
• hedging
• alliance

Statement dc:rights

• In Copyright

Licence dc:rights.uri

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

Dc Identifier Other

etd-03302005-194456

OAI identifier oai:identifier

oai:vtechworks.lib.vt.edu:10919/31578