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Spatial Market Integration In Regional Cattle Markets

Author

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  • Pendell, Dustin L.
  • Schroeder, Ted C.

Abstract

Geographic markets are extremely important to agriculture because agricultural products are bulky and/or perishable and production and consumption areas are separated. This study investigates how mandatory price reporting has influenced the degree of spatial market integration between U.S. regional fed cattle markets. Results indicate the market prices across the regional cattle markets are cointegrated. In addition, the amount of time it took for one market to react to the other markets change in price varied across the three time periods used in this study. This suggests mandatory price reporting has not substantially increased market integration.

Suggested Citation

  • Pendell, Dustin L. & Schroeder, Ted C., 2004. "Spatial Market Integration In Regional Cattle Markets," 2004 Annual Meeting, June 30-July 2, 2004, Honolulu, Hawaii 36265, Western Agricultural Economics Association.
  • Handle: RePEc:ags:waeaho:36265
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    File URL: http://purl.umn.edu/36265
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    Cited by:

    1. Heman D. Lohano & Fateh M. Mari & Rajab A. Memon, 2005. "Testing Onion Market Integration in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 44(4), pages 717-728.
    2. Julio Cesar Alonso & Ana Isabel Gallego, 2011. "Integracion espacial del mercado de la carne en las tres principales ciudades de Colombia: Evidencia de las series de precios," REVISTA ECONOMÍA & REGIÓN, UNIVERSIDAD TECNOLÓGICA DE BOLÍVAR, March.
    3. Goodwin, Barry K., 1992. "Forecasting Cattle Prices in the Presence of Structural Change," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 24(02), pages 11-22, December.
    4. Alejandro Nin, 2001. "Spatial Price Linkages and Imperfect Competition in Regional Cattle Markets," Documentos de Trabajo (working papers) 0401, Department of Economics - dECON.
    5. Lisbeth la Cour & H. Møllgaard, 2002. "Market Domination: Tests Applied to the Danish Cement Industry," European Journal of Law and Economics, Springer, vol. 14(2), pages 99-127, September.
    6. Baffes, John & Ajwad, Mohamed I., 1998. "Detecting price links in the world cotton market," Policy Research Working Paper Series 1944, The World Bank.
    7. Zulfiqar Bashir, 2003. "The Impacts of Economic Reforms and Trade Liberalisation on Agricultural Export Performance in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 42(4), pages 941-960.

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    Keywords

    Industrial Organization;

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