IDEAS home Printed from https://ideas.repec.org/p/ags/saea19/283709.html
   My bibliography  Save this paper

Price Discovery in the United States Dairy Industry

Author

Listed:
  • Bolotova, Yuliya V.

Abstract

The organized Exchange spot (cash) cheese market is a private industry institution that has historically performed a primary price discovery function in the U.S. dairy industry. In addition to affecting cheese prices in contract cheese market, the Exchange spot cheese prices have influenced prices paid for milk at the farm level that are set within the system of Federal Milk Marketing Orders (FMMOs). The effects that the Exchange spot cheese market has on FMMOs milk pricing attract increased attention in light of the most recent concerns about increasing milk price volatility and its effect on the dairy farm profitability. While the design of milk pricing within FMMOs has evolved over the last three decades, the effect of the Exchange spot cheese prices on FMMOs milk pricing has intensified. This research conducts an econometric analysis of the behavior (i.e. the level and volatility) of the Exchange spot cheese price over three FMMOs milk pricing regimes.

Suggested Citation

  • Bolotova, Yuliya V., 2019. "Price Discovery in the United States Dairy Industry," 2019 Annual Meeting, February 2-5, 2019, Birmingham, Alabama 283709, Southern Agricultural Economics Association.
    • Handle: RePEc:ags:saea19:283709
    DOI: 10.22004/ag.econ.283709
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/283709/files/Price%20Discovery%20US%20Dairy%20Industry%20SAEA19.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.283709?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Other versions of this item:

    More about this item

    Keywords

    Agricultural and Food Policy; Demand and Price Analysis;

    JEL classification:

    • K2 - Law and Economics - - Regulation and Business Law
    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
    • Q1 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:saea19:283709. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/saeaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.