DYNAMIC PRICE ADJUSTMENTS BETWEEN COMMERCIAL AND PUREBRED CATTLE MARKETS

Vector autoregression was utilized to investigate dynamic relationships existing between prices of purebred bulls and prices of slaughter steers, utility cows, feeder calves, and cow-calf pairs. Results suggest purebred bull prices respond most quickly to an increase in utility cow prices (proxy for slaughter bull prices). Feeder calf prices exhibited the most pronounced positive effect on the price of herd sires, with a lagged response which took over two years to build.


Issue Date:
1988-12
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/29261
Published in:
Southern Journal of Agricultural Economics, Volume 20, Number 2
Page range:
137-144
Total Pages:
8




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

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