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| Lusk, Jayson L.; Schroeder, Ted C.. |
| The number of meat recalls has increased markedly in recent years. Meat recalls have the potential to adversely affect short run demand for meat because of the associated decline in consumer confidence. This research examines the impact of beef and pork recalls on nearby daily live cattle and lean hog futures market prices, respectively. Results indicate that medium sized beef and large pork recalls that are a serious health concern have a marginally negative impact on short-term live cattle and lean hog futures prices, respectively. However, results are not robust across recall size and severity. This research suggests that if there is any systematic significant change in beef and pork demand due to meat recalls, it likely occurs over an extended period... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Meat recalls; Event study; Meat demand; Livestock Production/Industries; Marketing. |
| Ano: 2000 |
URL: http://purl.umn.edu/18925 |
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| Aulerich, Nicole M.; Irwin, Scott H.; Nelson, Carl H.. |
| This paper investigates the impact of USDA crop production reports in corn and soybean futures markets. The analysis is based on all corn and soybean production reports released over 1970-2006. The empirical analysis compares the typical OLS event study approach to the new Identification by Censoring (ITC) technique. Corn and soybean production reports are analyzed both separately and together for impact in corn and soybean futures prices. ITC proves to be the more useful method because it avoids the pitfalls of errors in variables that cause downward bias in OLS coefficients. Price reaction coefficients estimated via ITC are one to four times larger than OLS estimates for a one price and one event analysis. In the two price, two event case, ITC estimates... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Event study; USDA Crop Production reports; Measurement error; Identification Through Censoring. |
| Ano: 2007 |
URL: http://purl.umn.edu/37579 |
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| Good, Darrel L.; Irwin, Scott H.; Isengildina, Olga. |
| This study investigates the impact of six major USDA reports in hog and cattle markets: Cattle; Cattle on Feed; Cold Storage; Hogs and Pigs; Livestock, Dairy, and Poultry Outlook (LDPO); and World Agricultural Supply and Demand Estimates (WASDE). A TARCH-in-mean model, with dummy variables to measure the impact of USDA reports and other external factors, is used to model close-to-open live-lean hog and live cattle futures returns from January 1985 through December 2004. The analysis revealed a statistically significant impact of all but Cattle and Cold Storage reports in live/lean hog futures, and all but Cold Storage reports in live cattle futures. Hogs and Pigs reports had the highest impact on live/lean hog returns by increasing conditional standard... |
| Tipo: Journal Article |
Palavras-chave: Cattle; Event study; Hogs; Livestock; Public information; TARCH model; USDA reports; Livestock Production/Industries; Marketing. |
| Ano: 2006 |
URL: http://purl.umn.edu/8614 |
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