Dynamics of Regional Fed Cattle Prices

Document Type

Article

Journal/Book Title/Conference

Western Journal of Agricultural Economics

Volume

10

Publication Date

1985

First Page

126

Last Page

133

Abstract

The dynamic relationship between four regional cash prices for fed (slaughter) cattle is investigated using time series analysis and causality tests. The results indicate that price adjustments to new information take about one week. Texas Panhandle price also was determined to dominate the price discovery process. Regional prices also were found to be interdependent. This suggests that increasing regional meat packer concentration may not grant meat packers increased regional market power in their pricing practices.

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