FABRICATED CUT BEEF PRICES AS LEADING INDICATORS OF FED CATTLE PRICE

C. Jane Owen, Thomas Sporleder () and David Bessler ()

Western Journal of Agricultural Economics, 1991, vol. 16, issue 01, 7

Abstract: Temporal relationships are investigated among fabricated cut prices, carcass value, and fed cattle prices. Also, linkages between fed cattle and wholesale beef prices are examined using vector autoregressive (VAR) techniques. Results, using daily prices over the 1980-85 period, suggested that fabricated cut prices and cattle prices are related to the imputed carcass value, carcass quote, and fed cattle prices. In addition, three fabricated cuts dominate as leading indicators of fed cattle prices of most fabricated cut prices. They are strip loin and bottom and top round prices. VAR models outperform the univariate and random-walk models of forecasting ability.

Keywords: Demand and Price Analysis; Livestock Production/Industries (search for similar items in EconPapers)
Date: 1991
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Persistent link: https://EconPapers.repec.org/RePEc:ags:wjagec:32634

DOI: 10.22004/ag.econ.32634

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