Hedge機能より見た,米国における豚肉流通の現状とLive Hog Futuresの関係についての研究

概要

論文の詳細を見る
Purpose of the Study It is unnecessry to say that the function of sound hedging at the time of production dicision is one of most improtant conditions for any kind of farm production. In the hog marketing structure in the United States, one of the most significant characters, compared with ours, is still hog are traded under the condition of live animals. It seems to be mainly because its historical back ground and immence domain of the country. Recently, there are the growing problems, one of which is a declining volume of trade at the central live hog market and another is a lapse of competitive mechanism to perform fair price in the marketings, (it is so called the "Thin Market") Under the condition as mentioned above, there has being made many efforts by the governments and economists to improve that situation. One of the main subjects of the efforts is to use the "Futures" more efficiently. The main purpose of this paper is to evaluate the role of live hog futures as a hedging device for both of the producers and the processors. And also it is necessary to observe through out the whole levels of hog marketing structures now going on in the United States, as the back groung for the "Futures".
千葉大学の論文
1983-02-28