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Registros recuperados: 17 | |
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Muth, Mary K.; Liu, Yanyan; Koontz, Stephen R.; Lawrence, John D.. |
Information on typical differences in prices and price risk (as measured by the variances of prices) across marketing arrangements aids fed cattle producers in making choices about methods to use for selling fed cattle to beef packers. This information is also useful for policy discussions on merits and drawbacks of alternative marketing arrangements. As part of the congressionally mandated Livestock and Meat Marketing Study, we investigated differences in prices and price risk for fed cattle cash market and alternative marketing arrangements. The modeling approach, which is similar to a hedonic model, controls for differences in cattle quality and delivery month and accounts for the within- and across-week correlation in prices. The analysis uses a recent... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Alternative marketing arrangements; Fed cattle; Prices; Price volatility; Price risk; Hedonic. |
Ano: 2007 |
URL: http://purl.umn.edu/37578 |
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Parcell, Joseph L.; Schroeder, Ted C.; Dhuyvetter, Kevin C.. |
Cattle producers and beef packers need to understand basis determinants as they develop price expectations and make pricing, hedging, and forward contracting decisions. This study empirically estimated factors explaining variability in monthly fed cattle basis. The five main results regarding live cattle basis are 1) corn price is an important determinant, 2) a change in the value of the Choice-to-Select spread positively affects basis, 3) changes in the levels of captive supplies have no significant statistical or economic impact on basis 4) the June 1995 live cattle futures contract did not impact basis, and 5) both market fundamentals and seasonal components are important basis determinants. |
Tipo: Journal Article |
Palavras-chave: Basis; Fed cattle; Cattle prices; Livestock Production/Industries; Marketing. |
Ano: 2000 |
URL: http://purl.umn.edu/15319 |
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Lee, Andrew C.; Kim, Man-Keun. |
Locating fed cattle price discovery center is revisited using the framework that combines recent progress in causal research with time series analysis. The Bernanke factorization in innovation accounting is obtained by a graphical method called directed acyclic graph which uses data to identify the contemporaneous causal structure among the innovations. This may represent an improvement over the conventional methods which use human judgment and/or theory to supply such information. Results indicate that Kansas market is a dominant price leader where new information is discovered. Contrary to the previous studies, Nebraska market does not appear to be a price discovery location. |
Tipo: Conference Paper or Presentation |
Palavras-chave: Fed cattle; Price discovery; Directed acyclic graph; Causality; Demand and Price Analysis. |
Ano: 2007 |
URL: http://purl.umn.edu/9989 |
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Hornung, Jonathan T.; Ward, Clement E.. |
Previous research has estimated price effects of meat packing plant closings and openings. However, none have been done for plants opening or closing during the last 20 years ago when concentration in meatpacking increased rapidly. Plant openings and closings affect industry slaughtering capacity. Many analysts contribute the lack of processing capacity to handle the large supply of hogs in 1998 a major factor why spot market hog prices plummeted to unprecedented lows. Just eight months after the capacity constraint in slaughter hogs, Maple Leaf Foods opened a hog processing plant in Brandon, Manitoba. A second but opposite event occurred in the beef industry in an area of concentrated cattle feeding and meatpacking. On Christmas day, 2000, the ConAgra fed... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Meatpacking; Fed cattle; Slaughter hogs; Marketing; Prices; Agribusiness. |
Ano: 2003 |
URL: http://purl.umn.edu/18981 |
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Ward, Clement E.. |
Previous research has not addressed the impacts of alternative supply conditions on price discovery and pricing choice. This study estimated models with data from an experimental market, the Fed Cattle Market Simulator, encompassing live weight, dressed weight, and grid pricing under two alternative supply scenarios. Significance of variables explaining transaction price variation and pricing choice differed between the two supply periods. Overall results were close to expectations. Higher quality cattle marketed with a grid brought higher prices in both supply periods. Having lower quality cattle in either supply period increased the probability of cattle being marketed (purchased) on a live weight basis. |
Tipo: Journal Article |
Palavras-chave: Experimental market; Fed cattle; Market simulator; Price discovery; Pricing choice; Pricing methods; Demand and Price Analysis. |
Ano: 2005 |
URL: http://purl.umn.edu/30974 |
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Registros recuperados: 17 | |
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