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Toward a Performance Evaluation of the Carcass Beef Market-Weak Form Test of the Efficient Markets Model

Published online by Cambridge University Press:  28 April 2015

Clement E. Ward
Clement E. Ward*
Affiliation:
Department of Agricultural Economics, Oklahoma-State University
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Extract

Concern has been expressed by many people, from producers to consumers, regarding the adequacy and accuracy of reported wholesale carcass beef prices and their use in pricing slaughter cattle and beef. The controversy has generated numerous government investigations and lawsuits beginning at least as early as the mid-1960s (General Accounting Office, 1977, 1978; National Commission on Food Marketing). Despite the decade and a half of criticisms about cattle and beef pricing and price reporting, and the importance of the carcass beef market to the cattle and beef subsector, agricultural economists have devoted surprisingly few resources to analyzing carcass beef market performance.

Type
Research Article
Information
Journal of Agricultural and Applied Economics , Volume 12 , Issue 1 , July 1980 , pp. 95 - 101
Copyright
Copyright © Southern Agricultural Economics Association 1980

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