MODELING LIVE CATTLE SUPPLY WITH DIFFERENT PRICE EXPECTATIONS

Feng Zhang, James Epperson and Jack E. Houston

No 35447, 2006 Annual Meeting, February 5-8, 2006, Orlando, Florida from Southern Agricultural Economics Association

Abstract: Using live cattle production data from 1995 to 2001, we investigated live cattle supply represented by both net placement and marketings with two price expectation models, naïve and futures. The results show significant evidence of different price expectations when cattle feeders make decisions on net placement and marketings of live cattle. Our study also suggests that cattle feeders are risk averse on average.

Keywords: Livestock; Production/Industries (search for similar items in EconPapers)
Pages: 15
Date: 2006
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:saeaso:35447

DOI: 10.22004/ag.econ.35447

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