Document Type

Thesis - Open Access

Award Date

2017

Degree Name

Master of Science (MS)

Department / School

Economics

First Advisor

Fausti Scott

Keywords

AMA, MPR, SUR, cattle, cash market, formula market, forward contract market, thinning market, price discovery

Abstract

This thesis investigates the economic implication of changing slaughter volume patterns across the cash and contract markets in the US cattle industry. Weekly time series data that spans from November 2002 to December 2015 was used in the analysis. Empirical evidence suggests that Mandatory Price Reporting (MPR) played an important role in changing slaughter volumes across the cash and contract markets. Additionally, price of feeder cattle, cattle quality characteristics (Choice-Select spread and the percentage of animals grading choice or better) among others influence feedlots’ decision to use a particular marketing arrangement.

Library of Congress Subject Headings

Beef cattle -- Prices.
Beef cattle -- Marketing.
Animal industry -- Economic aspects.
Meat industry and trade -- Economic aspects.
Agricultural estimating and reporting.
United States. Agricultural Marketing Service.

Description

Includes bibliographical references (pages 66-80)

Format

application/pdf

Number of Pages

98

Publisher

South Dakota State University

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Rights Statement

In Copyright