FED CATTLE SPATIAL TRANSACTIONS PRICE RELATIONSHIPS

Delineation of geographic markets for fed cattle is essential in monitoring price behavior and determining geographic markets. This study uses transactions data from 28 U.S. fed cattle slaughter plants to determine the extent of the geographic market for fed cattle. Results indicate a national market for fed cattle with prices across most plants cointegrated. In addition, price discovery originates predominantly at plants located in Nebraska, and typically one-third of the total price adjustment to spatial integration occurs in one day.


Variant title:
Cattle prices
Issue Date:
1997-12
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/15055
Published in:
Journal of Agricultural and Applied Economics, Volume 29, Number 2
Page range:
347-362
Total Pages:
16




 Record created 2017-04-01, last modified 2017-08-23

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