Post Livestock Mandatory Price Reporting: An Assessment of Effects on Cattle Cash Prices

Man-Keun Kim and Hernan A. Tejeda

No 169692, 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota from Agricultural and Applied Economics Association

Abstract: The objective of this paper is to identify the effect of livestock mandatory price reporting (MPR) on cattle cash prices. Using the lag augmented vector autoregression (LA-VAR) and the historical decomposition, we find that there exist a steady increase in cattle prices after MPR in 2001. Initial (2001-mid 2002) periods of lower ‘actual’ prices respond to historical record supply in markets from 1) unexpected large number of cattle on feed, 2) heavier carcass per cattle, and 3) drop in exports.

Keywords: Agribusiness; Demand and Price Analysis; Livestock Production/Industries (search for similar items in EconPapers)
Date: 2014-07
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea14:169692

DOI: 10.22004/ag.econ.169692

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