BEHAVIOR OF BASIS AND ANALYSIS OF RISK BASIS IN THE COMMERCIALIZATION OF BEEF CATTLE IN THE STATE OF GOIÁS, BRAZIL

Authors

  • Odilon José de Oliveira Neto Universidade Federal de Uberlândia (Faculdade de Ciências Integradas do Pontal)
  • André Grossi Machado Universidade Federal de Goias - UFG / Faculdade Alfredo Nasser - UNIFAN
  • Reginaldo Santana Figueiredo Universidade Federal de Goiás - UFG

Keywords:

Risk Basis, commercialization, beef cattle, State of Goiás

Abstract

The objective of this paper was to measure and analyze beef cattle basis values and basis risk for the State of Goiás, Brazil. The Goiás State Federation of Agriculture and Livestock (Faeg) series of spot prices for beef cattle and the series of future prices in the Brazilian Mercantile & Futures Exchange (BM&F), from the Center for Advanced Studies in Applied Economics (Cepea), at the “Luiz de Queiroz” College of Agriculture (ESALQ) of the University of São Paulo, were used in the study. The mensuration of the basis and of the basis risk allowed the analysis of the behavior of the beef cattle spot prices for the State of Goiás and the future prices of the commodity in the BM&F. It was noticed a significant difference between the series, during the researched period. That difference of prices is more evident between December and May, period defined as harvest. However, between harvest periods, from June to November, prices present a closer proximity. It was concluded that the statistical parameters used are essential for producers decision making in the commercialization of beef cattle in the State of Goiás.

KEY-WORDS: Risk Basis; commercialization; beef cattle; State of Goiás.

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Author Biographies

Odilon José de Oliveira Neto, Universidade Federal de Uberlândia (Faculdade de Ciências Integradas do Pontal)

Professor de Finanças do Curso de Administração da Universidade Federal de Uberlândia – UFU (Unidade Acadêmica: Faculdade de Ciências Integradas do Pontal). Mestre em Agronegócio pela Universidade Federal de Goiás – UFG; e Especialista em Gestão de Derivativos: Mercado Futuro e de Opções pela Universidade Federal de Lavras – UFLA. (professorodilon@yahoo.com.br)

André Grossi Machado, Universidade Federal de Goias - UFG / Faculdade Alfredo Nasser - UNIFAN

Mestre em Agronegócio pela Universidade Federal de Goiás – UFG; Bacharel em Gestão do Agronegócio pela Universidade Federal de Viçosa - UFV e Professor do Curso de Administração da Faculdade Alfredo Nasser – UNIFAN. (agrossim@yahoo.com.br)

Reginaldo Santana Figueiredo, Universidade Federal de Goiás - UFG

Phd. em Modelagem e Simulação pela Universidade do Texas (Texas A&M); Doutor em Economia pela Universidade Federal do Rio de Janeiro - UFRJ e Coordenador do Programa de Pós-Graduação em Agronegócio (Mestrado) da Universidade Federal de Goiás – UFG. (santanarf@uol.com.br).

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Published

2009-09-14

How to Cite

OLIVEIRA NETO, O. J. de; MACHADO, A. G.; FIGUEIREDO, R. S. BEHAVIOR OF BASIS AND ANALYSIS OF RISK BASIS IN THE COMMERCIALIZATION OF BEEF CATTLE IN THE STATE OF GOIÁS, BRAZIL. Pesquisa Agropecuária Tropical [Agricultural Research in the Tropics], Goiânia, v. 39, n. 3, p. 207–217, 2009. Disponível em: https://revistas.ufg.br/pat/article/view/4422. Acesso em: 22 dec. 2024.

Issue

v. 39, n. 3, Jul./Sep. 2009

Section

Research Article

License

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