Risk and Market Participant Behavior in the U.S. Slaughter-Cattle Market

Risk and Market Participant Behavior in the U.S. Slaughter-Cattle Market

Incomplete information generates uncertainty for market participants in the slaughter-cattle market. Buyer and seller behavior in the presence of that uncertainty is examined. Statistically significant risk premiums are charged by packers when buying slaughter cattle on either a live- or dressed-wei...

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Bibliographic Details
Main Authors: Dillon M. Feuz, Scott W. Fausti, John J. Wagner
Format: Article
Language:English
Published: Western Agricultural Economics Association 1995-07-01
Series:Journal of Agricultural and Resource Economics
Subjects:
cattle marketing alternatives
risk aversion
risk premiums
Online Access:https://ageconsearch.umn.edu/record/30935

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