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GRID PRICING FOR FED CATTLE: AN EMPIRICAL ANALYSIS AgEcon
Fausti, Scott W.; Qasmi, Bashir A.; Wittig, T..
Weekly grid premium and discount price date for fed cattle have been collected over a 3-year period. The grid price data are combined with carcass data (2590 South Dakota slaughter steers) to investigate the variability in the average weekly carcass premium is affected by changes in packer-determined grid premiums and discounts on a weekly basis. The three-stage recursive model is then estimated using an autoregressive procedure. The results of the empirical analysis indicated that among all grid premiums and discounts, it is the choice-select discount that plays the dominant role in determining weekly changes in the average weekly carcass premium (discount).
Tipo: Conference Paper or Presentation Palavras-chave: Slaughter cattle; Grid pricing; Average pricing; Value-based-marketing; Marketing.
Ano: 2001 URL: http://purl.umn.edu/20615
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Carcass Quality Volume and Grid Pricing: An Investigation of Cause and Effect AgEcon
Fausti, Scott W.; Qasmi, Bashir A.; Li, Jing.
The relationship between publically reported weekly grid premiums and discounts for specific carcass characteristics and the percentage of those characteristics reflected in total weekly slaughter volume (i.e., proportional slaughter volume) is investigated. Granger Causality and multi-lag VAR models were used to investigate if grid premiums and discounts were efficiently transmitting market signals to producers with respect to carcass quality attributes. The empirical evidence indicates that there is little evidence to suggest that grid prices are providing efficient price signals to buyers and sellers with respect to market valuation of desirable and undesirable beef carcass characteristics.
Tipo: Conference Paper or Presentation Palavras-chave: Grid pricing; Granger Causality; Slaughter cattle; Beef carcass quality; Demand and Price Analysis; Livestock Production/Industries; Marketing; Q11; Q13.
Ano: 2008 URL: http://purl.umn.edu/46215
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