Document Type

Article

Journal/Book Title/Conference

Economics Research Institute Study Paper

Volume

26

Publisher

Utah State University Department of Economics

Publication Date

1997

Rights

Copyright for this work is held by the author. Transmission or reproduction of materials protected by copyright beyond that allowed by fair use requires the written permission of the copyright owners. Works not in the public domain cannot be commercially exploited without permission of the copyright owner. Responsibility for any use rests exclusively with the user. For more information contact the Institutional Repository Librarian at digitalcommons@usu.edu.

First Page

1

Last Page

32

Abstract

This study investigated the different factors affecting selected cattle auction prices and their dispersions to establish the market structure and nature of price equilibria. Overall, price dispersions were influenced by the season, type of cattle, breed, sex, geographical location, total number of lots auctioned, price slides, proportions of different cattle classes, lot size, base weight, type of flesh and type of frame. Prices were highest in winter and lowest in fall. Prices variations were lowest in winter and highest in fall. Price dispersions were more peaked in fall and least peaked in summer. Price equilibria were monopolistically competitive, monopsonistically competitive, or purely competitive depending on the cattle class and auction considered. These results indicated that sellers may benefit if they sold their cattle through auction markets.

Download

Share

COinS