Dynamic Price Adjustments Between Commercial And Purebred Cattle Markets
Vector autoregression was utilized to investigate dynamic relationships existing between prices of purebred bulls and prices of slaughter steers, utility cows, feeder calves, and cow-calf pairs. Results suggest purebred bull prices respond most quickly to an increase in utility cow prices (proxy for slaughter bull prices). Feeder calf prices exhibited the most pronounced positive effect on the price of herd sires, with a lagged response which took over two years to build.
Volume (Year): 20 (1988)
Issue (Month): 02 (December)
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- Spreen, Thomas H. & Shonkwiler, J. Scott, 1981.
"Causal Relationships in the Fed Cattle Market,"
Journal of Agricultural and Applied Economics,
Cambridge University Press, vol. 13(01), pages 149-153, July.
- David A. Bessler, 1984. "An Analysis of Dynamic Economic Relationships: An Application to the U.S. Hog Market," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 32(1), pages 109-124, 03.
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