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Public Price Reporting, Marketing Channel Selection and Price Discovery: The Perspective of Cow/Calf Producers in the Dakotas

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  • Fausti, Scott W.
  • Landblom, Douglas G.
  • Qasmi, Bashir A.
  • Beutler, Martin
  • Johnson, Patricia S.
  • Gates, Roger N.
  • Patterson, Hubert H.
  • Salverson, Robin R.

Abstract

Cow/calf producers operating in the Dakotas were surveyed on their price discovery strategies, marketing channel preferences, and their perceptions of how regime change in the public price reporting system for fed cattle affected the beef industry in general and the cow/calf industry in particular. Survey results indicate cow/calf producers consider local institutions (auction barns etc.) to be more reliable for price discovery and marketing their feeder and stocker cattle than regional or national institutions (futures market etc.). Consistent with this view, producers perceive that the current public price reporting system is less reliable than local market sources when making individual marketing decisions. However, Dakota cow/calf producers perceive livestock mandatory price reporting as benefiting the beef industry in general.

Suggested Citation

  • Fausti, Scott W. & Landblom, Douglas G. & Qasmi, Bashir A. & Beutler, Martin & Johnson, Patricia S. & Gates, Roger N. & Patterson, Hubert H. & Salverson, Robin R., 2006. "Public Price Reporting, Marketing Channel Selection and Price Discovery: The Perspective of Cow/Calf Producers in the Dakotas," Economics Staff Papers 32030, South Dakota State University, Department of Economics.
    • Handle: RePEc:ags:sdsusp:32030
    DOI: 10.22004/ag.econ.32030
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    1. Cheryl J. Wachenheim & Eric A. DeVuyst, 2001. "Strategic response to mandatory reporting legislation in the U.S. livestock and meat industries: Are collusive opportunities enhanced?," Agribusiness, John Wiley & Sons, Ltd., vol. 17(2), pages 177-195.
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    6. Fausti, Scott W. & Diersen, Matthew A., 2004. "The Voluntary Reporting System's Ability to Provide Price Transparency in the Cash Market for Dressed Steers: Evidence from South Dakota," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 29(3), pages 1-14, December.
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    Cited by:

    1. Fausti, Scott W. & Qasmi, Bashir A. & Li, Jing, 2010. "Grid Pricing: An Empirical Investigation of Market Signal Clarity," Economics Staff Papers 93253, South Dakota State University, Department of Economics.

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