Differences in Prices and Price Risk Across Alternative Marketing Arrangements Used in the Fed Cattle Industry
Information on prices and price risk differences across marketing arrangements aids fed cattle producers in making choices about marketing methods. As part of the congressionally mandated Livestock and Meat Marketing Study, we investigated fed cattle price and price risk differences across marketing arrangements. The analysis uses data representing cattle purchased by 29 large beef packing plants from October 2002 through March 2005. Results indicate that marketing agreements offered the best trade-off between price level and price risk. Forward contracts had the lowest average yet highly volatile prices. Auction barn prices were higher than other methods but also the most volatile.
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|Date of creation:||14 Apr 2008|
|Date of revision:|
|Publication status:||Published in Journal of Agricultural and Resource Economics, April 2008, vol. 33 no. 1, pp. 118-135|
|Contact details of provider:|| Postal: Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070|
Phone: +1 515.294.6741
Fax: +1 515.294.0221
Web page: http://www.econ.iastate.edu
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- Ward, Clement E. & Koontz, Stephen R. & Schroeder, Ted C., 1998. "Impacts From Captive Supplies On Fed Cattle Transaction Prices," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 23(02), December.
- John R. Schroeter & Azzeddine Azzam, 2003.
"Captive supplies and the spot market price of fed cattle: The plant-level relationship,"
John Wiley & Sons, Ltd., vol. 19(4), pages 489-504.
- Schroeter, John R. & Azzam, Azzeddine M., 2003. "Captive Supplies and the Spot Market Price of Fed Cattle: The Plant-Level Relationship," Staff General Research Papers Archive 10082, Iowa State University, Department of Economics.
- Ted C. Schroeder & Rodney Jones & James Mintert & Andrew P. Barkley, 1993. "The Impact of Forward Contracting on Fed Cattle Transaction Prices," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 15(2), pages 325-337.
- Rosen, Sherwin, 1974. "Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 34-55, Jan.-Feb..
- Schroeter, John R. & Azzam, Azzeddine M., 1999. "Econometric Analysis of Fed Cattle Procurement in the Texas Panhandle," Staff General Research Papers Archive 11365, Iowa State University, Department of Economics.
- Schroeder, Ted C., 1997.
"Fed Cattle Spatial Transactions Price Relationships,"
Journal of Agricultural and Applied Economics,
Southern Agricultural Economics Association, vol. 29(02), December.
- Schroeder, Ted C., 1997. "Fed Cattle Spatial Transactions Price Relationships," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 29(02), pages 347-362, December.
- Elam, Emmett W., 1992. "Cash Forward Contracting Versus Hedging Of Fed Cattle, And The Impact Of Cash Contracting On Cash Prices," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 17(01), July.
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