Market Coordination in the Beef Stocker Sector: Short and Long Run Implications of Higher Corn Prices
Beef industry sectors are coordinated by a relatively subtle combination of absolute price levels and price relationships across feeder cattle weights. This paper presents a conceptual framework to understand market based coordination of production in the beef industry. The paper illustrates with examples from history and discusses the implications of permanently higher corn prices.
|Date of creation:||2011|
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