Information content in deferred futures prices: Live cattle and hogs

Dwight R. Sanders, Philip Garcia, Mark Manfredo

Research output: Contribution to journalArticlepeer-review

3 Scopus citations


The informational content in live cattle and hog deferred futures prices is assessed using a direct test of incremental forecast ability for two- to twelve-month horizons. For 1976-2007, the results indicate that hog futures prices add incremental information at all horizons, but unique information in live cattle prices declines quickly beyond the eight-month horizon with no incremental information at the twelve-month horizon. The contrast in performance is likely attributable to differences in the quality of public information and the nature of the production process.

Original languageEnglish (US)
Pages (from-to)87-98
Number of pages12
JournalJournal of Agricultural and Resource Economics
Issue number1
StatePublished - Apr 2008


  • Forecast evaluation
  • Forecast information
  • Futures markets

ASJC Scopus subject areas

  • Animal Science and Zoology
  • Agronomy and Crop Science
  • Economics and Econometrics


Dive into the research topics of 'Information content in deferred futures prices: Live cattle and hogs'. Together they form a unique fingerprint.

Cite this