Economics Research Institute Study Paper
Utah State University Department of Economics
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The size and shape of market areas for buyers in the Dodge City, Amarillo, Omaha, and Greeley feeding sites are determined by plotting data from the nation's largest video auction. Buying areas for feeder cattle are large, irregularly shaped, and, in some cases, truncated. Feeder cattle buyers behave as oligopsonists in counties where most buyers are from one feeding site. Prices are higher for feeder cattle in counties where two or more market areas overlap.
Bailey, DeeVon; Brorsen, B. Wade; and Thomsen, Michael R., "Feeder Cattle Buyer Market Areas and the Price Impact of Buyer Concentration" (1993). Economic Research Institute Study Papers. Paper 30.