Empirical Application to Live Cattle Futures Sample Clauses

Empirical Application to Live Cattle Futures. ‌ In this section, I report the results the evaluation of the hedging performance of the derived BBCV futures contract in comparison to the live cattle futures contract. First, I estimated all the parameters required to generate BBCV futures prices. The results of the state variable and parameter estimation, along with stationarity and cointegration testing, can be found in the appendix. Then, I generated BBCV futures prices. In the following section, I present the results of the performance evaluation of the BBCV as a hedging instrument.
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