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

Clement E. Ward

Journal of Agricultural and Applied Economics, 1980, vol. 12, issue 1, 95-101

Abstract: 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.

Date: 1980
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