Impacts from Captive Supplies on Fed Cattle Transaction Prices

Journal of Agricultural and Resource Economics

关键词: captive supplies;    fed cattle;    forward contracts;    marketing agreements;    packer feeding;    price analysis;    price discovery;    procurement methods;   

DOI  :  10.22004/ag.econ.31205

来源: DOAJ

【 摘 要 】

Increased use of noncash-price procurement methods has concerned cattlemen for the past several years. This research estimated impacts of captive supplies on transaction prices for fed cattle. Negative relationships were found between transaction prices and percentage deliveries from the inventory of forward contracted and marketing agreement cattle. However, impacts from the absolute size of the total captive supply inventory were not significant. Price differences were found among procurement methods with forward contract prices being much lower. On balance, captive supplies had small but often negative effects on fed cattle transaction prices.

【 授权许可】

Unknown