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Re: Curious decision



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In a message dated 3/27/00 6:19:51 PM Pacific Standard Time, 
kentr@xxxxxxxxxxxxxx writes:

<<  was really asking about the market traits may have made these particular
 markets undesirable. >>

Here is a guess from an old futures trader.  The relationships between the 
contract months vary widely in markets where there are perishables involved.  
Since you can't store them, the nearby and the distant contracts cannot be 
arbitraged if the prices are out of line.  The same logic applies to animals. 
 Perhaps the system these folks used was dependent on a predictable and 
fairly constant relationship between contract months.

Chuck LeBeau