Cash Price Stability in the Presence of Futures Markets: A Multivariate Causality Test for Live Beef Cattle

A. Banerjee and Robert Weaver

No 279460, 1982 Annual Meeting, August 1-4, Logan, Utah from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: A theoretically motivated, multivariate causality test of the exogeneity of production planning period, term, and forward futures prices in the determination of cash slaughter cattle prices led to the conclusion that these respective futures prices directly affect, have an instantaneous relationship with and have no effect on the cash price In a sample of daily observations.

Keywords: Demand and Price Analysis; Livestock Production/Industries; Marketing (search for similar items in EconPapers)
Pages: 16
Date: 1982-08
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea82:279460

DOI: 10.22004/ag.econ.279460

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