Price Volatilities of the Japanese Domestic Broilers and the Other Commodities on the Futures Markets in Japan and the U.S.

• KAKU Koichi

  National Institute of Animal Industry

Bibliographic Information

Other Title

• 国産ブロイラー正肉の価格変動に関する先物市場上場適性

Abstract

The purpose of this study is to analyze the propriety concerning the price volatilities of the Japanese domestic broilers, if broilers would be traded on the futures markets in Japan. The main findings are three things.:(1) On the U.S. futures markets, the livestock products' futures contracts have been traded and the ratio to the total volume of which all futures markets were combined was 14.11-9.41% from 1990 to 1996 (fiscal year). (2) From 1988 to 1995, the average coefficients of variation per year (%/year) on the Japanese domestic broilers were 7.20 (bonelessleg meat) and 6.85 (boneless breast meat), which were lower than those of the Japanese domestic agricultural futures commodities and the CME's futures commodities concerning pork (i.e. Live Hog, Frozen Pork Bellies), but which were higher than those of the CME's futures commodities concerning beef (i.e. Live Cattle, Feeder Cattle). (3) From 1992 to 1995, judging from the analysis of relationship between yearly coefficient of variation and yearly volume of agricultural products' trading on Japanese futures markets, I suppose, the price volatilities of the Japanese domestic broilers boneless meat, which were both boneless leg meat and boneless breast meat, had suitability which could be traded on the broilers futures markets in Japan.

Journal

• Nihon Chikusan Gakkaiho

  Nihon Chikusan Gakkaiho 69 (2), 154-160, 1998

  Japanese Society of Animal Science

Keywords

• Price volatility
• Broiler
• Futures markets
• Boneless leg meat
• Boneless breast meat

Details

• CRID: 1390282680168520064
• NII Article ID: 10021726912
• NII Book ID: AN00195188
• DOI: 10.2508/chikusan.69.154
• ISSN: 18808255
• ISSN: 1346907X
• ISSN: http://id.crossref.org/issn/1346907X
• Text Lang: ja
• Data Source:
  • JaLC
  • Crossref
  • CiNii Articles
• Abstract License Flag: Disallowed