| The paper analyzed the impacts of the price of finishing steers on the price of backgrounding steers in the State of São Paulo from January 1995 to January 2007. The ADF Unit Root test, the Granger causality test, the Johansen’s co-integration test, and the method of Vector Auto-Regression (VAR) were used. In this period, the results indicated that exist a unidirectional relationship among the prices of finishing steers and backgrounding steers, confirming the importance of the prices of finishing steers on the prices formation of the backgrounding steers, but the prices had no equilibrium relationship in the long term. |
