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AGR 336 Exam 1 || Already Graded A+.
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Shorting the market correct answers gain entry to the market by selling a position and then buying out of it when price is decreaing zero-sum game correct answers for every gain, someone else loses standard contract size for cattle correct answers 40,000 pounds mark to market correct answe...

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  • August 25, 2024
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  • 2024/2025
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AGR 336 Exam 1 || Already Graded A+.
Shorting the market correct answers gain entry to the market by selling a position and then
buying out of it when price is decreaing

zero-sum game correct answers for every gain, someone else loses

standard contract size for cattle correct answers 40,000 pounds

mark to market correct answers calculating gains and losses on a daily basis

standardized components of a futures contract correct answers type, quantity, quality, delivery
place, and delivery date

ways to close an open position correct answers deliver or accept delivery and offsetting

volume correct answers number of contracts traded during the day

open interest correct answers number of contracts that have not been offset

hedger correct answers trader who uses futures markets to reduce the price risk, account for 10%
of market, can accept delivery or deliver goods

tick correct answers minimum price fluctuation of a futures contract

pit correct answers location on the floor of a futures exchange where a specific commodity is
traded

approaches to study of marketing of agriculture products correct answers Institutional,
functional, behavioral, performance, marketing management

facilitating functions being performed in the system correct answers standardization, financing,
risk bearing, and market intelligence

4 p's pf marketing correct answers product, place, price, and promotion

ag marketing correct answers performance of all business activities in the flow of food products
and services from the point of initial production until they are in the hands of ocnusmers

consumer sovereignty correct answers all business and marketing activities are directed toward
the satisfaction of consumers, consumers are the king/queen in the market place

marketing mix correct answers unique way in which a firm or industry combines price,
promotion, product, and distribution channel strategies to appeal to consumers

, marketing management correct answers a management philosophy holding that all business
planning begins with an analysis of consumer wants, and that all business decisions should be
based on the profitable satisfaction of consumer wants.

cash markets correct answers markets in which delivery is expected immediately upon payment

futures market correct answers price is agreed upon now and delivery is for a specified future
point in time

ways to manage price risk correct answers forward pricing, contract farming, futures markets

future markets aka correct answers commodities markets or commodities exchanges

grain contract size correct answers 5,000 bushel

livestock contract size correct answers lean hogs and live cattle 40,000 lbs feeder cattle 50,000
lbs

speculator correct answers 80-90 percent of the market, attempts to buy and sell futures without
ever touching the physical goods, add liquidity to markets and would collapse without them

Brokers correct answers exercise trade for traders and are paid no matter what

institutional approach correct answers who of marketing, middlemen, labor and specialization,

functional approach correct answers the what of marketing, made of exchange, physical, and
facilitating functions. i.e buying and selling, storing, transporting, and processing.
standardization, financing, marketing intelligence, and risk bearing.

Behavioral systems approach correct answers power system, communications. studies the
markets

performance approach correct answers how well does the marketing system work? efficient,
progressive? etc

CBOT correct answers chicago board of trade, oldest of exchanges, handle grains and financial
currencies

CME correct answers chicago mercantile exchange, started in 1898 as chicago butter and egg
board, changed to CME in 1919, merged with COBT in 2007, handles livestock

MGEX correct answers Minneapolis grain exchange, only small market still standing, started in
1987

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