Go to main content
Did you know? By making a gift to AgEcon Search, you are helping ensure that our small non-profit continues to provide free full-text access to 15,000 visitors a day from 170+ countries
Format
BibTeX
MARCXML
TextMARC
MARC
DublinCore
EndNote
NLM
RefWorks
RIS

Files

Abstract

We study price discovery in the U.S. fed cattle market, examining the interaction among weekly live cattle futures, negotiated cash fed cattle, and boxed beef cutout prices. Extensive testing and innovation accounting based on directed acyclic graphs of error-correction resid- uals indicates that the futures price continues as the dominant source of information in the fed cattle market. While the cash cattle price has a strong predictive in_x000D_uence on the boxed beef price, the boxed beef price plays only a marginal role in price discovery.

Details

PDF

Statistics

from
to
Export
Download Full History