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Full-Text Articles in Social and Behavioral Sciences
Public Reporting Of Fed Cattle Grid Prices: Policy Reform Consequences, Scott Fausti, Bashir Qasmi, Matthew Diersen
Public Reporting Of Fed Cattle Grid Prices: Policy Reform Consequences, Scott Fausti, Bashir Qasmi, Matthew Diersen
Economics Staff Paper Series
Mandatory livestock price reporting was implemented in April 2001. Empirical evidence indicates a significant change in volatility occurred in publicly reported fed cattle grid premiums and discounts after its implementation. Empirical analysis of grid premiums and discounts across the pre-and post-reform periods indicates that increased transparency is compatible with either an increase or a decrease in price volatility in the post-MPR period. Furthermore, it appears that the public price reporting system for weekly grid premiums and discounts failed to provide an adequate level of transparency prior to the implementation of price reporting reforms. Our methodology extends the literature on the …
Grid Pricing Versus Average Pricing For Fed Cattle: Where Is The Incentive, Scott Fausti, Bashir Qasmi
Grid Pricing Versus Average Pricing For Fed Cattle: Where Is The Incentive, Scott Fausti, Bashir Qasmi
Economics Staff Paper Series
A weekly comparative marketing study of above-average and below-average quality slaughter cattle was conducted over a 154 week time period (Jan 1997 to Dec 1999). Two data sets containing carcass information on 1500 head of fed cattle were randomly selected from a data set containing carcass information on 2590 steers. Weekly average price per cwt. was calculated for both pens using two different pricing systems: a) the dressed weight pricing system; and b) the Agricultural Marketing Service grid pricing system. The empirical evidence indicates that over the 154 week period: a) the above-average quality carcass data set received a higher …
Factors Influencing Cash Marketing Decisions For Fed Cattle, Scott Fausti, Steve Schamber, Dwight Adamson
Factors Influencing Cash Marketing Decisions For Fed Cattle, Scott Fausti, Steve Schamber, Dwight Adamson
Economics Staff Paper Series
The reason for the failure of individual carcass-based pricing systems to supplant average-price-based pricing systems in the cash market for fed cattle remains unresolved. Competing hypotheses in the literature associated with this issue are empirically tested using survey data collected on the marketing behavior of cattle producers.
Value Based Marketing For Fed Cattle: A Discussion Of The Issues, Scott Fausti, Steve Schamber, Dwight Adamson
Value Based Marketing For Fed Cattle: A Discussion Of The Issues, Scott Fausti, Steve Schamber, Dwight Adamson
Economics Staff Paper Series
Beef demand in the United States began to weaken relative to the demand for pork and poultry in the 1970s. The literature offers two possible explanations: 1) the lifestyles explanation; and 2) the relative-price explanation. Barkema and Drabenstott (1990) review the literature concerning the market share issue and concisely outline the two possible explanations: "The lifestyle argument suggests that consumers chose to eat less beef due to health concerns and changes in lifestyles. The relative-prices explanation suggests consumers switched from beef to poultry because beef became relatively more expensive than poultry." The issue of improving beefs competitiveness against other domestic …