@article{Ji:142114,
      recid = {142114},
      author = {Ji, In Bae and Chung, Chanjin},
      title = {Causality Between Captive Supplies and Cash Market Prices  in the U.S. Cattle Procurement Market},
      journal = {Agricultural and Resource Economics Review},
      address = {2012-12},
      number = {1203-2016-95371},
      pages = {11},
      year = {2012},
      abstract = {This study tests the causal direction between captive  supply and cash market price in the U.S. cattle procurement  market. Finding the correct causality should provide useful  information to the decades-long debate on packers’  anti-competitive behavior in the U.S. cattle procurement  market. It should also help researchers find better  econometric specifications for the cash price-captive  supply relationship. Two causality tests—-the Granger test  and the Modified Wald test—-were conducted. Overall test  results indicate that captive supply causes cash market  price, and it favors the price-dependent model.},
      url = {http://ageconsearch.umn.edu/record/142114},
      doi = {https://doi.org/10.22004/ag.econ.142114},
}