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Fed Cattle Spatial Transactions Price Relationships

Published online by Cambridge University Press:  28 April 2015

Ted C. Schroeder
Ted C. Schroeder*
Affiliation:
Department of Agricultural Economics, Kansas State University
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Abstract

Delineation of geographic markets for fed cattle is essential in monitoring price behavior and determining geographic markets. This study uses transactions data from 28 U.S. fed cattle slaughter plants to determine the extent of the geographic market for fed cattle. Results indicate a national market for fed cattle with prices across most plants cointegrated. In addition, price discovery originates predominantly at plants located in Nebraska, and typically one-third of the total price adjustment to spatial integration occurs in one day.

Keywords

cattle pricescointegrationrelevant marketspatial prices
Type
Articles
Information
Journal of Agricultural and Applied Economics , Volume 29 , Issue 2 , December 1997 , pp. 347 - 362
Copyright
Copyright © Southern Agricultural Economics Association 1998

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