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Empirical Tests Of Spatial And Structural Effects On Cattle Auction Prices

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  • Hogan, J.C.
  • Todd, Mike C.

Abstract

Two investigations are reported. The first is a comparison of average prices for two cattle types within pairs of some major auction centres in Australia. Significant price differences existed in three of the four cases studied. The second is a study of the main determinants of price differences between auction selling centres through a case study of a large and small auction centre. The major factor explaining the price differences between the two auction centres was lot size. This factor also influenced price variation within auctions. The number of buyers purchasing cattle did not affect price levels.

Suggested Citation

  • Hogan, J.C. & Todd, Mike C., 1979. "Empirical Tests Of Spatial And Structural Effects On Cattle Auction Prices," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 23(3), pages 1-15, December.
    • Handle: RePEc:ags:ajaeau:22967
    DOI: 10.22004/ag.econ.22967
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    References listed on IDEAS

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    1. Thomas T. Stout & Richard L. Feltner, 1962. "A Note on Spatial Pricing Accuracy and Price Relationships in the Market for Slaughter Hogs," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 44(1), pages 213-219.
    2. R.B. Whan & Robert A. Richardson, 1969. "A Simulated Study Of An Auction Market," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 13(2), pages 91-100, December.
    3. R. R. Piggott, 1970. "Elasticity Of Supply And The Incentive For Collusive Buying," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 14(2), pages 131-137, December.
    4. Whan, R.B. & Richardson, Robert A., 1969. "A Simulated Study Of An Auction Market," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 13(2), pages 1-10, December.
    5. W. K. McPherson, 1956. "How Well Do Auctions Discover the Price of Cattle?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 38(1), pages 30-43.
    6. Piggott, Roley R., 1970. "Elasticity Of Supply And The Incentive For Collusive Buying," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 14(2), pages 1-7, December.
    7. Stephen H. Sosnick, 1963. "Bidding Strategy at Ordinary Auctions," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 45(1), pages 163-182.
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    Citations

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    Cited by:

    1. Todd, Mike C. & Cowell, M.D., 1981. "Within-Sale Price Variation At Cattle And Carcass Auctions," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 25(1), pages 1-18, April.
    2. Cowell, M.D. & Todd, Mike C., 1980. "Price and Cost Aspects of Alternative Cattle Selling Methods," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 48(03), pages 1-13, December.
    3. Porter, Darrell & Todd, Mike C., 1985. "The Effect Of Carcass Quality On Beef Carcass Auction Prices," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 29(3), pages 1-10, December.
    4. Fleming, E. & Griffith, G. & Mounter, S. & Villano, R., 2018. "The value of muscle score in beef cattle auction markets," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 277334, International Association of Agricultural Economists.
    5. Unknown, 1990. "Structural Change in Livestock: Causes, Implications, Alternatives," Research Institute on Livestock Pricing 232728, Virginia Polytechnic Institute and State University, Department of Agricultural and Applied Economics.
    6. Darwell, Greg, 1990. "The Economic Impact of the Ban(s) on Hormonal Growth Promotants: Strategies for Australia," 1990 Conference (34th), February 13-15, 1990, Brisbane, Australia 145004, Australian Agricultural and Resource Economics Society.

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    Keywords

    Demand and Price Analysis;

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