Document Type

Article

Journal/Book Title/Conference

Economics Research Institute Study Paper

Volume

94

Issue

14

Publisher

Utah State University Department of Economics

Publication Date

1994

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

36

Abstract

The size and shape of market areas for buyers from four major cattle feeding areas (Dodge City, Amarillo, Omaha, and Greeley) are determined by mapping data from the nation's largest video auction. Spatial statistics are also examined to determine their ability to identify market areas for feeder cattle. Mapping shows that procurement areas for feeder cattle buyers are large, irregularly shaped, and overlap substantially. Currently available spatial statistics were not found to be helpful in defining market areas so a new statistic (BTiJ was dev~loped to determine primary market areas. Feeder cattle buyers behave as oligopsonists in counties where most buyers are from one feeding area and prices are higher for feeder cattle in counties where two or more market areas overlap.

Download

Share

COinS