The price leadership roles among hog cash and futures markets are assessed to locate points of price discovery and to examine flows of information among these markets. Several years of data are analyzed using lead/lag causality analysis and strength of linear causality measures. Although significant instantaneous relationships exist among hog cash and futures markets, one‐way causality tests indicate that generally the futures market dominates cash hog markets in the price discovery process.
|Original language||English (US)|
|Number of pages||7|
|State||Published - Dec 1992|
ASJC Scopus subject areas
- Economics and Econometrics