Dynamics Of Regional Fed Cattle Prices
The dynamic relationship between four regional cash prices for fed (slaughter) cattle is investigated using time series analysis and causality tests. The results indicate that price adjustments to new information take about one week. Texas Panhandle price also was determined to dominate the price discovery process. Regional prices also were found to be interdependent. This suggests that increasing regional meat packer concentration may not grant meat packers increased regional market power in their pricing practices.
Volume (Year): 10 (1985)
Issue (Month): 01 (July)
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- Brorsen, B Wade & Chavas, Jean-Paul & Grant, Warren R, 1985. "A Dynamic Analysis of Prices in the U.S. Rice Marketing Channel," Journal of Business & Economic Statistics, American Statistical Association, vol. 3(4), pages 362-69, October.
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CUDARE Working Paper Series
139R, University of California at Berkeley, Department of Agricultural and Resource Economics and Policy.
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