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Abstract
Excerpts from the report Highlights: Recent developments in the livestock and meat industry in the Southern Plains (Texas and Oklahoma) necessitate changes in the marketing information available to producers and meat handlers in that area. Economic forces generating such changes include (1) a rapidly expanding cattle feeding industry, (2) the production and consumption of large volumes of relatively light beef carcasses for which adequate market information is often not available, and (3) the changing structure of the Southern Plains meat industry. This report suggests a price reporting system that would include daily quotations for the Dallas-Fort Worth and Oklahoma City markets, supplemented by weekly quotations for the Dallas-Fort Worth, Houston, San Antonio, Amarillo-Lubbock, Tulsa, and Oklahoma City markets. This system would combine features of both daily and weekly systems, would satisfy the timeliness criterion, and appears economically feasible.