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ARE CATTLE ON FEED REPORT REVISIONS RANDOM AND DOES INDUSTRY ANTICIPATE THEM?

Jeffrey B. Mills and Ted Schroeder

No 36643, 2002 Annual Meeting, July 28-31, 2002, Long Beach, California from Western Agricultural Economics Association

Abstract: Cattle on Feed (COF) reports are an important source of beef supply information. This study investigates whether COF report revisions are unbiased, random, and anticipated. Initial COF reports are biased, but the bias is economically small. Revisions to COF estimates are not random. Market analysts do not correctly anticipate revisions.

Keywords: Livestock; Production/Industries (search for similar items in EconPapers)
Date: 2002
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http://ageconsearch.umn.edu/record/36643/files/sp02mi02.pdf (application/pdf)

Related works:
Journal Article: Are cattle on feed report revisions random and does industry anticipate them? (2004) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:ags:waealb:36643

DOI: 10.22004/ag.econ.36643

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