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| Dorfman, Jeffrey H.; Park, Myung D.. |
| The agricultural economics literature, both academic and trade, has discussed the assumed presence of cycles in livestock markets such as cattle and hogs for a very long time. Since Jarvis (1974), there has been considerable discussion over how these cycles impact optimal economic decision making. Subsequent studies such as Rucker, Burt, and LaFrance (1984), Hayes and Schmitz (1987), Foster and Burt (1992), Rosen, Murphy, and Scheinkman (1994), and Hamilton and Kastens (2000) have all investigated some aspect of how biological factors, economic events, or economic actions could be causes of and/or responses to cycles in hog and cattle inventories. There has also been debate, again both in the academic and trade literature, over the length of the cycle(s)... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Bayesian econometrics; Cattle cycles; Hog cycles.; Agribusiness; Livestock Production/Industries; Production Economics. |
| Ano: 2009 |
URL: http://purl.umn.edu/49278 |
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| Mathews, Kenneth H., Jr.; Hahn, William F.; Nelson, Kenneth E.; Duewer, Lawrence A.; Gustafson, Ronald A.. |
| In early 1996, the peak in the current cycle of cattle inventories coincided with a long list of negative factors--negative returns at the farm and feedlot, record-high feed grain prices, a severe drought in 1995-96, widening farm-retail price spreads, a low farmers' share of the consumers' Choice beef dollar, and reports of high profits for beefpackers. This confluence created an atmosphere in which some producers and members of Congress questioned whether the cattle industry was adversely affected by high packer concentration and market power. In this report, we examine the cattle cycle of the 1990's to determine if there are differences from previous cattle cycles and, if so, how and why they are different. We found that values for many variables at the... |
| Tipo: Report |
Palavras-chave: Cattle cycles; Price spreads; Packer concentration; Cattle slaughter; Steer and heifer slaughter; Cow slaughter; Livestock Production/Industries. |
| Ano: 1999 |
URL: http://purl.umn.edu/33583 |
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