LEAD-LAG STRUCTURE OF SLAUGHTER HOG PRICES BETWEEN UNITED STATES MIDWEST AND FOUR MAJOR CANADIAN MARKETS UTILIZING UNIVARIATE RESIDUAL CROSS-CORRELATION TECHNIQUE

The univariate residual cross-correlation technique is applied to weekly slaughter hog prices for Winnipeg, Saskatoon, Edmonton, Toronto, and an average of the seven Midwest United States markets over the period 1973-1980. The purpose is to examine the power of the technique in determining leads and lags between the markets.