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Fabricated Cut Beef Prices As Leading Indicators Of Fed Cattle Price

Author

Listed:
  • Owen, C. Jane
  • Sporleder, Thomas L.
  • Bessler, David A.

Abstract

Temporal relationships are investigated among fabricated cut prices, carcass value, and fed cattle prices. Also, linkages between fed cattle and wholesale beef prices are examined using vector autoregressive (VAR) techniques. Results, using daily prices over the 1980-85 period, suggested that fabricated cut prices and cattle prices are related to the imputed carcass value, carcass quote, and fed cattle prices. In addition, three fabricated cuts dominate as leading indicators of fed cattle prices of most fabricated cut prices. They are strip loin and bottom and top round prices. VAR models outperform the univariate and random-walk models of forecasting ability.

Suggested Citation

  • Owen, C. Jane & Sporleder, Thomas L. & Bessler, David A., 1991. "Fabricated Cut Beef Prices As Leading Indicators Of Fed Cattle Price," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 16(01), July.
  • Handle: RePEc:ags:wjagec:32634
    as

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    File URL: http://purl.umn.edu/32634
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    References listed on IDEAS

    as
    1. Brorsen, B Wade & Chavas, Jean-Paul & Grant, Warren R, 1984. "Dynamic Relationships of Rice Import Prices in Europe," European Review of Agricultural Economics, Foundation for the European Review of Agricultural Economics, vol. 11(1), pages 29-42.
    2. Nerlove, Marc & Grether, David M. & Carvalho, José L., 1979. "Analysis of Economic Time Series," Elsevier Monographs, Elsevier, edition 1, number 9780125157506 edited by Shell, Karl.
    3. Kling, John L. & Bessler, David A., 1985. "A comparison of multivariate forecasting procedures for economic time series," International Journal of Forecasting, Elsevier, vol. 1(1), pages 5-24.
    4. Bessler, David A. & Schrader, Lee F., 1980. "Measuring Leads And Lags Among Prices: Turkey Products," Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, issue 3.
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