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Mandatory Livestock Price Reporting, Market Transparency and Grid Price Dispersion

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  • Fausti, Scott W.
  • Qasmi, Bashir A.
  • Li, Jing
  • Diersen, Matthew A.

Abstract

Mandatory livestock price reporting (MPR) was implemented in April 2001. Empirical evidence indicates a significant change in the weekly variability of publicly reported fed cattle grid premiums and discounts occurred after MPR implementation. We evaluated the effect of increased market transparency resulting from implementation of MPR on grid premium and discount dispersion lelvels. Empirical results suggest that increased trransparency is compatible with either an increase or a decrease in dispersion. These results suggest that during the pre-MPR periods, the weekly premium and discount point estimators were derived from a non-representative sample.

Suggested Citation

  • Fausti, Scott W. & Qasmi, Bashir A. & Li, Jing & Diersen, Matthew A., 2008. "Mandatory Livestock Price Reporting, Market Transparency and Grid Price Dispersion," 2008 Annual Meeting, June 23-24, 2008, Big Sky, Montana 37833, Western Agricultural Economics Association.
  • Handle: RePEc:ags:waeabi:37833
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    File URL: http://purl.umn.edu/37833
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    Cited by:

    1. Bruce Tonn & Paul Frymier & Jared Graves & Jessa Meyers, 2010. "A Sustainable Energy Scenario for the United States: Year 2050," Sustainability, MDPI, Open Access Journal, vol. 2(12), pages 1-31, November.

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    Keywords

    fed cattle; grid pricing; market transparency; price dispersion; Demand and Price Analysis; Livestock Production/Industries;

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