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Public Price Reporting in the Cash Market for Live Cattle: A Spatial Market Approach AgEcon
Fausti, Scott W.; Diersen, Matthew A.; Qasmi, Bashir A..
Legislative authorization for the Livestock Mandatory Reporting Act of 1999 was renewed in October of 2006. One of the cited justifications for implementing mandatory reporting was that the voluntary reporting system for the slaughter cattle cash market was unable to provide accurate and timely market information. We extend the spatial market analysis literature by developing a methodology for detecting distortions in spatial relationships across related price series. Using spatially linked regional markets, we compare state-level mandatory price-reporting data to the U.S. Department of Agriculture voluntarily reported state data to determine if the spatial relationship between price-reporting mechanisms was disrupted by market distortions prior to...
Tipo: Journal Article Palavras-chave: Public price reporting; Spatial markets; Market integration; Price transparency; Price discovery; Livestock markets; Livestock Production/Industries; Marketing.
Ano: 2007 URL: http://purl.umn.edu/44707
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