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Determination of Focal Pricing Regions for U.S. Fed Cattle


  • Allan M. Walburger
  • Kenneth A. Foster


Concerns over the imperfect market structure of the beef sector arise due to potential price discovery impacts. This study presents an effective way of providing information on price discovery that can be used to indicate regions within which prices follow similar dynamics. A state space model was fit to fourteen years of weekly data on nineteen price series from U.S. fed cattle markets. Tight regional market price interrelationships were discovered indicating that, in general, prices cannot move independently in the long run. The dynamics of the system of prices revealed the existence of between five and seven focal price discovery regions. Copyright 1998, Oxford University Press.

Suggested Citation

  • Allan M. Walburger & Kenneth A. Foster, 1998. "Determination of Focal Pricing Regions for U.S. Fed Cattle," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 80(1), pages 84-95.
  • Handle: RePEc:oup:ajagec:v:80:y:1998:i:1:p:84-95

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    1. Rico Ihle & Linde Götz & Ofir D. Rubin, 2011. "State-Space Cointegration Modeling for the Analysis of Exogenous Shocks to Prices in Israeli-Palestinian Food Trade," Courant Research Centre: Poverty, Equity and Growth - Discussion Papers 100, Courant Research Centre PEG.

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