The Smithfield / Packerland Merger and the Holstein Feeder Steer Price Differential

Kenneth Burdine, Leigh Maynard and A. Lee Meyer

No 35107, 2003 Annual Meeting, February 1-5, 2003, Mobile, Alabama from Southern Agricultural Economics Association

Abstract: An econometric model was used to evaluate the impact that the Smithfield / Packerland merger had on the price differential between Holstein feeder steers and non-dairy feeder steers in Kentucky. Weekly data were used from the Kentucky Livestock Database and the Livestock Marketing Information Center. An increase in the Holstein / non-dairy feeder steer spread of more than $3.00 per hundredweight was associated with the time period following the merger. While the possibility remains that unidentified factors contributed to the wider spread, the contention that the merger was the cause could not be rejected.

Keywords: Marketing (search for similar items in EconPapers)
Pages: 13
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:ags:saeatm:35107

DOI: 10.22004/ag.econ.35107

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