ACCURACY OF GRID PRICING: AN EVALUATION USING WHOLESALE VALUES OF FED CATTLE

Grid pricing is one of the beef industry's answers to improving value coordination in fed cattle transactions. This paper constructs individual carcass-level grid and wholesale beef values. These values are used to evaluate the level of value communication that occurs between wholesale and grid values of beef. Furthermore, the values are used to estimate grid premiums/discounts that improve value communication. Results indicate that value coordination could be improved by modifying grid premiums/discounts.


Subject(s):
Issue Date:
2004
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/19023
Total Pages:
22
Series Statement:
2004 Conference, St. Louis, MO, April 19-20, 2004




 Record created 2017-04-01, last modified 2017-08-24

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