The Effect of H1N1 (Swine Flu) Media Coverage on Agricultural Commodity Markets Academic Article uri icon

abstract

  • The authors estimate the market impact of media coverage related to the name "swine flu," relabeled subsequently as "2009 H1N1 flu," on the future prices of lean hogs, live cattle, corn, and soybeans. They then quantified the revenue loss, employing the subset vector autoregressive model. The results indicate that the media coverage was associated with a significant and temporary negative impact on the futures prices of lean hogs, but with little impact on the other futures prices. The impact persisted for about four months, yielding an April-December 2009 market revenue loss of about $200 million (about 2.51 percent). © The Author(s) 2011. Published by Oxford University Press, on behalf of Agricultural and Applied Economics Association. All rights reserved.

author list (cited authors)

  • Attavanich, W., McCarl, B. A., & Bessler, D.

citation count

  • 25

publication date

  • June 2011

publisher