The Value of USDA Situation and Outlook Information in Hog and Cattle Markets
| dc.creator | Good, Darrel L. | |
| dc.creator | Irwin, Scott H. | |
| dc.creator | Isengildina, Olga | |
| dc.date | 2017-04-01T19:51:56Z | |
| dc.date.accessioned | 2026-07-09T02:53:37Z | |
| dc.description | This study investigates the impact of six major USDA reports in hog and cattle markets: Cattle; Cattle on Feed; Cold Storage; Hogs and Pigs; Livestock, Dairy, and Poultry Outlook (LDPO); and World Agricultural Supply and Demand Estimates (WASDE). A TARCH-in-mean model, with dummy variables to measure the impact of USDA reports and other external factors, is used to model close-to-open live-lean hog and live cattle futures returns from January 1985 through December 2004. The analysis revealed a statistically significant impact of all but Cattle and Cold Storage reports in live/lean hog futures, and all but Cold Storage reports in live cattle futures. Hogs and Pigs reports had the highest impact on live/lean hog returns by increasing conditional standard deviation 96%. Cattle, Cattle on Feed, and Hogs and Pigs reports had the highest impact on live cattle returns by increasing conditional standard deviation between 26% and 37.5%. | |
| dc.identifier | doi:10.22004/ag.econ.8614 | |
| dc.identifier | https://ageconsearch.umn.edu/record/8614/files/31020262.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/8614 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/522305 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/8614 | |
| dc.title | The Value of USDA Situation and Outlook Information in Hog and Cattle Markets | |
| dc.type | Text |