Short-Term Adjustments in Yellow Sheet Carcass Prices for Red Meats

John M. Marsh and Gary W. Brester

American Journal of Agricultural Economics, 1985, vol. 67, issue 3, 591-599

Abstract: The Pascal density function was used to estimate monthly Yellow Sheet carcass prices for beef, pork, and lamb. Yellow Sheet prices have been criticized for lack of economic responsiveness due to small sampling and thin negotiated markets. However, the statistical results show that systematic economic factors explain about 85% of the variation in Yellow Sheet prices, i.e., direct and competitive production, cold storage, disposable income, and seasonality. Though the role of the stochastic error process was relatively small, a continual decline in negotiated transactions could increase its role, raising questions about wholesale market pricing efficiency.

Date: 1985
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://hdl.handle.net/10.2307/1241080 (application/pdf)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:67:y:1985:i:3:p:591-599.

Access Statistics for this article

American Journal of Agricultural Economics is currently edited by Madhu Khanna, Brian E. Roe, James Vercammen and JunJie Wu

More articles in American Journal of Agricultural Economics from Agricultural and Applied Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by Oxford University Press ().