Aggregate sow farrowing response to price risk is estimated where price risk is defined as the difference between expected price at decision time and realized price at acquisition or selling time. Asymmetric (unfavorable deviations) and symmetric (favorable and unfavorable deviations) forms of price risk are estimated utilizing cash and futures prices. Statistical results suggest that an asymmetric form of risk analysis is preferred to a symmetric form, for bofcth cash and futures markets.
- Distributed lag
- Price risk
ASJC Scopus subject areas
- Agricultural and Biological Sciences (miscellaneous)
- Economics and Econometrics