Examining Packer Choice Of Slaughter Cattle Procurment And Pricing Methods
Using daily fed cattle purchase transaction records collected by the Packers and Stockyards Programs over the period April 1992 to April 1993, we identify characteristics associated with the choices of fed cattle procurement and pricing methods. The methodology involves the use of a multinomial logit model. Regional concentration; processing capacity; number of head per lot; average weight per head; cattle type; yield grade, quarterly grade, seasonality, and distance from packing plants play a significant role in determining the methods of procurement and pricing chosen by packers. The method chosen by packers to procure fed cattle also affects the choice of a given pricing method.
Volume (Year): 28 (1999)
Issue (Month): 1 (April)
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- Azzam, Azzeddine M. & Schroeter, John R., 1991.
"Implications Of Increased Regional Concentration And Oligopsonistic Coordination In The Beef Packing Industry,"
Western Journal of Agricultural Economics,
Western Agricultural Economics Association, vol. 16(02), December.
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- Ward, Clement E., 1981. "Short-Period Pricing Models for Fed Cattle and Impacts of Wholesale Carcass Beef and Live Cattle Futures Market Prices," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 13(01), pages 125-132, July. Full references (including those not matched with items on IDEAS)
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