Expectations of Cattle Feeding Investors in Feeder Cattle Placements

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Kastens, Terry L.; Schroeder, Ted C.;
  • Subject: Livestock Production/Industries,

Cattle feeders appear irrational when they place cattle on feed when projected profits are negative. Long futures positions appear to offer superior returns to cattle feeding investment. Cattle feeder behavior suggests that they believe a downward bias in live cattle fu... View more
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