Buyer Concentration at Feeder Cattle Auctions

DeeVon Bailey, B Brorsen and Chris Fawson ()

Review of Agricultural Economics, 1993, vol. 15, issue 1, 103-119

Abstract: The influence of buyer concentration in two large feeder cattle auctions on feeder cattle prices at the auctions was investigated. Buyer concentration increased slightly for steers and heifers at one of the auctions between 1987 and 1989 and the increased concentration was estimated to have depressed prices an average of $0.05/cwt. Overall, prices at the other auction were depressed by an average of $0.44/cwt. between 1988 and 1989 due to increasing concentration at the auction.

Date: 1993
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