Hostname: page-component-586b7cd67f-rdxmf Total loading time: 0 Render date: 2024-11-30T20:16:42.824Z Has data issue: false hasContentIssue false
  • English
  • Français

The Effects of Mad Cow Disease on U.S. Live Cattle Futures Price

Published online by Cambridge University Press:  28 April 2015

Newton N. Paiva
Newton N. Paiva*
Affiliation:
Department of Animal and Dairy Science, University of Georgia, Athens, GA
Get access Rights & Permissions [Opens in a new window]

Abstract

Due to red meat consumption, bovine spongiform encephalopathy (BSE) disease has been a major human health concern since its discovery in 1986. An event study approach was applied to determine the impact of BSE official events that occurred in the United Kingdom on U.S. live cattle futures prices. When abnormal returns were aggregated during the course of the events, the price series were adversely affected, mainly after the event day. This suggests that market reaction was dissipated quickly and that no leakage of information occurred prior to the event.

Keywords

abnormal returnsbovine spongiform encephalopathyevent studylive cattle futures priceQ11Q13Q14Q17
Type
Graduate Student Paper Awards
Information
Journal of Agricultural and Applied Economics , Volume 35 , Issue 2 , August 2003 , pp. 407 - 413
Copyright
Copyright © Southern Agricultural Economics Association 2003

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

BSE Inquiry. The BSE Inquiry: The Report—The Inquiry into BSE and Variant CJD in the United Kingdom. Internet site: www.bseinquiry.gov.uk (Accessed March 15, 2002).Google Scholar
Capps, O. Jr., and Schmitz, J.D.. “A Recognition of Health and Nutrition Factors in Food Demand Analysis.” Western Journal of Agricultural Economics 16(July 1991):21–35.Google Scholar
Kinnucan, H.W., Xiao, H., Hsia, C.J., and Jackson, J.D.. “Effects of Health Information and Generic Advertising on U.S. Meat Demand.” American Journal of Agricultural Economics 79(February 1997): 13–23.CrossRefGoogle Scholar
McKenzie, A.M., and Thomsen, M.R.. “The Effect of E. coli 0157:H7 on Beef Prices.” Journal of Agricultural and Resource Economics 26,2(December 2001):431–44.Google Scholar
Prophet Information Services. Historical Futures Data, 1959—Present. Palo Alto, CA: Prophet Financial Systems, 2000.Google Scholar