Supply Effects on Price Discovery and Pricing Choice for Fed Cattle

摘要: Price discovery research related to fed cattle has involved data covering a relatively small portion of the longer cycle. Thus, not explicitly addressed impacts alternative supply conditions have on price discovery. Additionally, little pricing choices for marketing or procurement. In reported here using from an experimental market, Fed Cattle Market Simulator, models were estimated that encompassed live weight, dressed and grid under scenarios, specifically larger smaller period. Variables explaining variation differed somewhat between two periods. For periods combined, results nearly as theoretically expected. One consistent finding was higher quality marketed with brought prices in both Similarly, some differences noted choice model combined Another having lower market increased probability them weight basis. Higher more apt be grid.