Dynamics of Regional Fed Cattle Prices
Western Journal of Agricultural Economics
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.
Bailey, DeeVon, and B. Wade Brorsen. Dynamics of Regional Fed Cattle Prices. Western Journal of Agricultural Economics 10(1985):126-33.