Prediction of future uniform milk prices in Florida federal milk marketing order 6 from milk futures markets.

Abstract

This study assessed the accuracy of 3 methods that predict the uniform milk price in Federal Milk Marketing Order 6 (Florida). Predictions were made for 1 to 12 mo into the future. Data were from January 2003 to May 2007. The CURRENT method assumed that future uniform milk prices were equal to the last announced uniform milk price. The F+BASIS and F+UTIL… (More)
DOI: 10.3168/jds.2008-1138

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