Hog Prices Sample Clauses

Hog Prices. ‌ Estimating the ST/LT model requires a vector of futures prices that have fixed times to maturity. Live hog futures from December 1984 through November 1996 were organized into six different fixed time to maturity futures prices denoted here as F1, F3, F5, F7, F9, and F11. At any given point in time during this period, there are at least 6 futures contracts trading. The futures contract that was at least 1 month from maturity, but no more than 3 months to maturity was the F1 futures price, the contract that was at least 3 months to maturity but no more than 5 months to maturity was the F3 futures prices, and so on. For example, the price of a February futures contract trading in early January would be the F1 price because it is about a month and a half to maturity. Futures prices for over 13 months to maturity were not consistently trading over the period of time I used to estimate the model, therefore the furthest fixed time to maturity futures prices I used was for 11 months. The spot price used is the Omaha price for live hogs as reported by Xxxxxxxx.xxx (2017). Table 5.1 shows summary statistics of the live hog spot and futures prices. Table 5.1 Summary Statistics of Live Hog Spot Prices and Fixed Time to Maturity Live Hog Futures for the period between 12/07/1984 to 11/29/1996 Mean Months to Mean Price Maturity # of weekly Price (Standard Deviation) (Standard Deviation) observations Spot 46.97 (6.98) 0 (0) 626 F1 47.57 (5.97) 1.42 (0.496) 626 F3 46.70 (5.10) 3. 51 (0.502) 617 F5 45.97 (4.34) 5.41 (0.495) 608 F7 45.42 (3.81) 7.41 (0.495) 600 F9 44.98 (3.24) 9.42 (0.496) 591 F11 44.74 (3.17) 11.42 (0.496) 582 Note: All prices are weekly average prices in $/cwt. Source: Xxxxxxxx.xxx. The futures prices that have lower time to maturities had more observations available, because the live futures contract was slowly replaced by the lean hog contract beginning with the release of the February 1997 lean hog contract. During this period in 1996 the longer time to maturity live hog futures contracts were phased out one by one as shown in figure 4.1. The lean hog index is the spot price of the lean hog futures contract. The lean hog index was first reported by the Chicago Mercantile Exchange (CME 2017) in November 1995. The lean hog futures contract began with the release of the February 1997 lean hog futures contract, which began trading in November 1995. All the hog futures contracts set for expiration starting in 1997 were lean hog futures contracts. I use a...
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Related to Hog Prices

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  • BID PRICES 3.1 Bidders must state in the Attribute Section if the bid prices will remain firm for the full contract period; or if the bid prices will be subject to escalation/de-escalation.

  • Unit Prices If unit prices are stated in the Contract Documents or subsequently agreed upon, and if the quantities originally contemplated are so changed in a Change Order that application of the agreed unit prices to the quantities of work proposed will cause substantial inequity to the Owner or the Contractor, the applicable unit prices shall be equitably adjusted as provided in the Special Conditions or as agreed to by the parties and incorporated into the Change Order.

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  • Tender Prices 2.10.1 The tenderer shall indicate on the appropriate Price Schedule the unit prices and total tender price of the goods it proposes to supply under the contract

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  • BIDDING PRICE 4.1 Prior to the commencement of the auction sale, all persons or parties intending to bid for the property at the auction sale shall deposit with the Auctioneer a valid bank draft or cashier’s order drawn of MBSB for a sum equivalent to TEN Per Centum (10%) of the reserve price (“The Bidding Deposit”).

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  • Sale Price (a) As consideration for the sale of the CEF Assets pursuant to Section 2.1 hereof, the Purchaser shall pay to the applicable Seller on the Closing Date, the CEF Purchase Price for the CEF Assets sold and transferred by such Seller to the Purchaser on the Closing Date. The CEF Purchase Price for the sale of CEF Assets shall be an amount equal to the fair market value thereof as agreed upon by the Purchaser and the applicable Seller prior to such sale.

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