GRID PRICING VERSUS AVERAGE PRICING FOR SLAUGHTER CATTLE: AN EMPIRICAL ANALYSIS

The paper compares weekly producer revenue under grid pricing and average dressed weight pricing methods for 2560 cattle over a period of 102 weeks. Regression analysis is applied to identify factors affecting the revenue differential.Livestock Production/Industries,

NAFTA INTRA INDUSTRY TRADE IN AGRICULTURAL FOOD PRODUCTS

The paper focuses on NAFTA's impact on intra-industry and inter-industry trade in agricultural food products. Bilateral trade among U.S., Canada, and Mexico, as well as their trade with the rest of the world during 1990 and 1995 are investigated. U.S. trade patterns for agricultural food products are slowly changing.International Relations/Trade,

Price Transparency in the Voluntary Price Reporting System for Live Cattle: Theory and Empirical Evidence

Interregional spatial linkages between South Dakota and Nebraska cash markets for slaughter cattle are investigated. Econometric procedures are used to test whether a thinning market effect or strategic price reporting behavior by packers has degraded market transparency under the voluntary price reporting system. Empirical evidence suggests transparency was not degraded.Demand and Price Analysis,

Corn and Soybean Basis Patterns for Selected Locations in South Dakota: 1998

For successful marketing and merchandising in commodity markets, it is important to understand the relationship between cash and futures contract prices. The principal measure for relating cash and futures price is local cash basis or Basis\u27\u27

Carcass Quality Volume and Grid Pricing: An Investigation of Cause and Effect

The relationship between publicly reported weekly grid premiums and discounts for specific carcass characteristics and the percentage of those characteristics reflected in total weekly slaughter volume (i.e., proportional slaughter volume) is investigated. Granger Causality and multi-lag VAR models were used to investigate if grid premiums and discounts were efficiently transmitting market signals to producers with respect to carcass quality attributes. The empirical evidence indicates that there is little evidence to suggest that grid prices are providing efficient price signals to buyers and sellers with respect to market valuation of desirable and undesirable beef carcass characteristics.grid pricing, price discovery, price reporting, slaughter cattle

GRID PRICING FOR FED CATTLE: AN EMPIRICAL ANALYSIS

Weekly grid premium and discount price date for fed cattle have been collected over a 3-year period. The grid price data are combined with carcass data (2590 South Dakota slaughter steers) to investigate the variability in the average weekly carcass premium is affected by changes in packer-determined grid premiums and discounts on a weekly basis. The three-stage recursive model is then estimated using an autoregressive procedure. The results of the empirical analysis indicated that among all grid premiums and discounts, it is the choice-select discount that plays the dominant role in determining weekly changes in the average weekly carcass premium (discount).slaughter cattle, grid pricing, average pricing, value-based-marketing, Marketing,

Agricultural and Food Policy Preferences: the 1994 Perspectives of South Dakota Agricultural Producers

U.S. farm policies are reviewed, every five years concurrent with the drafting of new farm legislation. The present farm bill expires in 1995, and a new bill will be debated and enacted in 1995. Since farm and food policies have a major impact on farmers, information on their preferences with regard to these policies are invaluable to legislators as well as to different advocacy groups (working for farmers). The research was completed as a part of a 15 state study to document the agricultural and food policy preferences by agricultural producers. This report deals with the policy preferences of South Dakota Producers. A sample of 1,500 farmers and ranchers was randomly drawn from the list of all agricultural producers in South Dakota. A questionnaire, mainly consisting of policy issues common to all participating states, and nine issues of local importance, was mailed to these 1,500 producers. In total, 463 useable completed surveys were returned