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Market Adjustment Insights: Primary Vs. Secondary Data

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  • Hornung, Jonathan T.
  • Ward, Clement E.

Abstract

Producers, researchers, and policy makers have an interest in market effects from meatpacking plant closings and openings. This paper presents results from a study taking a dual approach to determining impacts from an anticipated hog slaughtering plant opening and an unexpected fed cattle slaughtering plant closing. Secondary data are used in a price differences and partial adjustment model. Primary data are used in a logit model. Results indicate a clearer price effect from the plant opening than the plant closing. Primary data provide additional insight into the dynamics related to the two plant events.

Suggested Citation

  • Hornung, Jonathan T. & Ward, Clement E., 2004. "Market Adjustment Insights: Primary Vs. Secondary Data," 2004 Annual Meeting, June 30-July 2, 2004, Honolulu, Hawaii 36268, Western Agricultural Economics Association.
  • Handle: RePEc:ags:waeaho:36268
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    File URL: http://purl.umn.edu/36268
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    Keywords

    Industrial Organization;

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