{"id":5519,"date":"2006-01-01T01:01:01","date_gmt":"2006-01-01T01:01:01","guid":{"rendered":"http:\/\/export.maxmaziy.php.nixsolutions.com\/?p=4962"},"modified":"2006-01-01T01:01:01","modified_gmt":"2006-01-01T01:01:01","slug":"the-value-of-usda-situation-and-outlook-information-in-hog-and-cattle-markets","status":"publish","type":"post","link":"http:\/\/prairieswine.com\/rsc\/the-value-of-usda-situation-and-outlook-information-in-hog-and-cattle-markets\/","title":{"rendered":"The Value of USDA Situation and Outlook Information in Hog and Cattle Markets"},"content":{"rendered":"<p>This study investigates the impact of six major USDA reports in hog and cattle markets: cattle, cattle on feed, cold storage, hogs and pigs, livestock, dairy, and poultry outlook (LDPO); and the world agricultural supply and demand estimates (WASDE).  A TARCH-in-mean model, with dummy variables to measure the impact of USDA Reports and other external factors, is used to model close-to-open live\/lean hog and live cattle futures returns from January 1985 to through December 2004.  The analysis revealed a statistically significant impact of all but cattle and cold storage reports in live\/lean hog futures.   Hogs and pig reports had the highest impact on live\/lean hog returns by increasing conditional standard deviation 96%. Cattle, cattle on feed, and hogs and pigs reports had the highest impact on live cattle returns by increasing conditional standard deviation 26% and 37.5%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This study investigates the impact of six major USDA reports in hog and cattle markets: cattle, cattle on feed, cold storage, hogs and pigs, livestock, dairy, and poultry outlook (LDPO); and the world agricultural supply and demand estimates (WASDE). A TARCH-in-mean model, with dummy variables to measure the impact of USDA Reports and other external [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[8882,10033,116,16845,1972,45,5778,6904,46,20007,34,3850,26132,704,10858,14,33,16262,138,5779,5269,309,20911,4874,5780,8912,21747,5781],"class_list":["post-5519","post","type-post","status-publish","format-standard","hentry","category-economics","tag-al","tag-arc","tag-cattle","tag-close","tag-condition","tag-dairy","tag-event-study","tag-fee","tag-feed","tag-gh","tag-hog","tag-hogs","tag-jan","tag-livestock","tag-mark","tag-pig","tag-pigs","tag-pl","tag-poultry","tag-public-information","tag-report","tag-storage","tag-t","tag-tan","tag-tarch-model","tag-usda-live-lean-open-close","tag-usda-prairie-swine-center","tag-usda-reports"],"_links":{"self":[{"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/posts\/5519","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/comments?post=5519"}],"version-history":[{"count":0,"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/posts\/5519\/revisions"}],"wp:attachment":[{"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/media?parent=5519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/categories?post=5519"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/tags?post=5519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}