The Development of Livestock Futures
- Topics:
- Investment and Capital Markets
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Overview: The futures markets arose from the needs of producers and merchants to secure fixed prices and facilitate trade. During the mid-1800s, the needs of American farmers, merchants and millers gave rise to forward contracts for wheat and corn raised in the mid west farmlands for shipment by water and rail to the east. Soon, these forward contracts became standardized under the pressure to save time in negotiations?the individual load of grain would be subject to discount or premium depending on actual grade and arrival date.
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Format: PDF | Size: 355KB | Date: Feb 2002 | Pages: 36



