Files

Action Filename Size Access Description License
Show more files...

Abstract

We examine whether mandatory price reporting (MPR), which is intended to facilitate transparent pricing, has impacted pricing relationships among U.S. hog markets. Hog markets are cointegrated both prior to and following enactment of MPR, but are not fully integrated in either period. That is, prices at alternative locations do not adjust one-for-one with price changes in other locations. Further, markets adjust to price shocks in other locations more slowly following MPR, which may be a coincidence associated with decreases in the proportion of spot market hog transactions.

Details

Downloads Statistics

from
to
Download Full History