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Price Discovery in Nebraska Cattle Markets AgEcon
Stockton, Matthew C.; Bessler, David A.; Wilson, Roger K..
Monthly observations on prices from 10 weight/gender classifications of Nebraska beef cattle are studied in an error correction model (ECM) framework. This study attempts a replication of the 2003 paper on Texas prices by Bessler and Davis, where they find medium heifers (600–700 lb) at the center of price discovery. Using the ECM results Nebraska light steers are found to be weakly exogenous, with the innovation accounting results showing marked differences. Industry structure, production choices, and animal type and breeding herd differences between Texas and Nebraska are proposed as plausible reasons for partial (or incomplete) success at replication.
Tipo: Journal Article Palavras-chave: Bernanke factorization; Cattle prices; Cointegration; Directed acyclical graphs; Error correction; PC algorithm; Price discovery; Agribusiness; Demand and Price Analysis; Industrial Organization; Livestock Production/Industries; Production Economics; Research Methods/ Statistical Methods; C49; Q13.
Ano: 2010 URL: http://purl.umn.edu/57149
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Simulated Analysis of Drought's Impact on Different Cow-Calf Production Systems AgEcon
Stockton, Matthew C.; Wilson, Roger K..
Five representative firm level stochastic simulation models were constructed using historical production cost, cattle prices, weather information and scientifically collected production data from the Gundmendson Sandhills Laboratory operated by University of Nebraska. The five hundred iterative results indicate inclusion of crop residual grazing as a viable drought mitigation tool.
Tipo: Conference Paper or Presentation Palavras-chave: Drought Mitigation; Firm Level; Residual Grazing; Simulation; Stochastic; Livestock Production/Industries.
Ano: 2007 URL: http://purl.umn.edu/34981
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