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A Comparison of Traditional Livestock Auctions, Teleauctions, and Satellite Video Auctions: Price Differences Between Markets

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  • Adams, Beth
  • Turner, Steven C.

Abstract

Research was conducted comparing the price differences observed in traditional livestock auctions, teleauctions, and satellite video auctions. Several significant price ; diferences were found to exist between the three auction markets. The largest and most significant differences occurred between the teleauctions and the local sale barn suction and between the satellite video auction and the local sale barn auction. Price determination results of this study were found to be similar to previous price determination studies. The price differences are believed to be the result of the differing emphasis that is placed on various cattle characteristics in each of these markets. This study tests the relevant variables which determine the price differences between the three markets using data from each of the cattle auctions.

Suggested Citation

Handle: RePEc:ags:nc8191:285593
DOI: 10.22004/ag.econ.285593
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