Assessing the Relationship between Market Factors and Regional Price Dynamics in U.S. Cattle Markets
Regional live cattle prices are decomposed into two components: (a) a trend common to all regional cattle price series and (b) regional deviations or price dynamics around that trend. Tests are developed to determine if market factors are related to the regional price deviations around a common tren...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Western Agricultural Economics Association
1997-07-01
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| Series: | Journal of Agricultural and Resource Economics |
| Subjects: | |
| Online Access: | https://ageconsearch.umn.edu/record/31009 |
| _version_ | 1818296698940686336 |
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| author | Allan M. Walburger Kenneth A. Foster |
| author_facet | Allan M. Walburger Kenneth A. Foster |
| author_sort | Allan M. Walburger |
| collection | DOAJ |
| description | Regional live cattle prices are decomposed into two components: (a) a trend common to all regional cattle price series and (b) regional deviations or price dynamics around that trend. Tests are developed to determine if market factors are related to the regional price deviations around a common trend. Slaughter volume, distance between a market and the next closest, and forward contract deliveries are significantly related to price deviations from the estimated common trend. |
| first_indexed | 2024-12-13T04:07:41Z |
| format | Article |
| id | doaj.art-213182d27fa245d99f95d1054c5a4b5f |
| institution | Directory Open Access Journal |
| issn | 1068-5502 2327-8285 |
| language | English |
| last_indexed | 2024-12-13T04:07:41Z |
| publishDate | 1997-07-01 |
| publisher | Western Agricultural Economics Association |
| record_format | Article |
| series | Journal of Agricultural and Resource Economics |
| spelling | doaj.art-213182d27fa245d99f95d1054c5a4b5f2022-12-22T00:00:08ZengWestern Agricultural Economics AssociationJournal of Agricultural and Resource Economics1068-55022327-82851997-07-0122113314410.22004/ag.econ.3100931009Assessing the Relationship between Market Factors and Regional Price Dynamics in U.S. Cattle MarketsAllan M. WalburgerKenneth A. FosterRegional live cattle prices are decomposed into two components: (a) a trend common to all regional cattle price series and (b) regional deviations or price dynamics around that trend. Tests are developed to determine if market factors are related to the regional price deviations around a common trend. Slaughter volume, distance between a market and the next closest, and forward contract deliveries are significantly related to price deviations from the estimated common trend.https://ageconsearch.umn.edu/record/31009beef packingfed cattleforward contractsstate space |
| spellingShingle | Allan M. Walburger Kenneth A. Foster Assessing the Relationship between Market Factors and Regional Price Dynamics in U.S. Cattle Markets Journal of Agricultural and Resource Economics beef packing fed cattle forward contracts state space |
| title | Assessing the Relationship between Market Factors and Regional Price Dynamics in U.S. Cattle Markets |
| title_full | Assessing the Relationship between Market Factors and Regional Price Dynamics in U.S. Cattle Markets |
| title_fullStr | Assessing the Relationship between Market Factors and Regional Price Dynamics in U.S. Cattle Markets |
| title_full_unstemmed | Assessing the Relationship between Market Factors and Regional Price Dynamics in U.S. Cattle Markets |
| title_short | Assessing the Relationship between Market Factors and Regional Price Dynamics in U.S. Cattle Markets |
| title_sort | assessing the relationship between market factors and regional price dynamics in u s cattle markets |
| topic | beef packing fed cattle forward contracts state space |
| url | https://ageconsearch.umn.edu/record/31009 |
| work_keys_str_mv | AT allanmwalburger assessingtherelationshipbetweenmarketfactorsandregionalpricedynamicsinuscattlemarkets AT kennethafoster assessingtherelationshipbetweenmarketfactorsandregionalpricedynamicsinuscattlemarkets |