4 ms·
And this is precisely why chickens should be traded on an exchange. It becomes much harder for a person or small group (as in this case) to corner a market and
by reverend_gonzo 10y ago
And this is precisely why chickens should be traded on an exchange. It becomes much harder for a person or small group (as in this case) to corner a market and raise prices.
However, here's a good article about why there is no trading in chickens: https://www.washingtonpost.com/news/wonk/wp/2014/01/10/the-chicken-market-is-so-hot-right-now-why-cant-i-trade-on-it/ https://www.washingtonpost.com/news/wonk/wp/2014/01/10/the-c...
Looks like the market has been generally fairly stable and dominated by big players, so there hasn't been a need for producers and consumers to hedge their prices, and therefore a futures market was never formed.