Adaptive Planning Under Price Uncertainty in Pork Production

Ronald L. Plain and Joseph E. Williams

Journal of Agricultural and Applied Economics, 1981, vol. 13, issue 2, 39-46

Abstract: Market hog prices historically have shown great variation and have often followed a cyclical pattern. Franzmann (1979) finds evidence of a four-year and a twenty-eight-year cycle in hog prices. Price cycles imply the possibility of forecasting long-range prices. In turn, forecasting suggests the opportunity to vary the production or marketing process in order to maximize profits.

Date: 1981
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