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Price Variability At South Dakota Livestock Auction Markets, Larry Janssen, Richard Shane
Price Variability At South Dakota Livestock Auction Markets, Larry Janssen, Richard Shane
Economics Research Reports
Livestock prices are established through various market channels, such as terminal markets and auction markets. Auction sales account for 74% of all cattle purchases and 64% of all cattle sales by South Dakota producers (Clauson, 1983). Livestock auctions are also an important market channel for feeder pigs, slaughter hogs and slaughter lambs. The major purpose of this research was to determine which factors, controllable or noncontrollable, have a significant impact on livestock prices established at auction market outlets in South Dakota. Factors to be tested include market location, month of sale, sex, weight, breed and lot size. Data on sale …