Fed Cattle Spatial Transaction Price Relationships

Ted C. Schroeder

No 285655, 1981-1999 Conference Archive from NCR-134/ NCCC-134 Applied Commodity Price Analysis, Forecasting, and Market Risk Management

Abstract: Delineation of geographic markets for fed cattle is essential in monitoring price behavior and determining the extent of spatial price parity. This study uses transaction data from 28 U.S. fed cattle slaughter plants to determine the extent of the geographic market for fed cattle. Results indicate a national market for fed cattle with prices across most plants cointegrated. In addition, price discovery originates predominantly at plants located in Nebraska and typically one-third of the total price adjustment to spatial integration occurs in one day.

Keywords: Marketing (search for similar items in EconPapers)
Date: 1996-04
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Persistent link: https://EconPapers.repec.org/RePEc:ags:nc8191:285655

DOI: 10.22004/ag.econ.285655

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