Market Coordination in the Beef Stocker Sector: Short and Long Run Implications of Higher Corn Prices

Abstract

Beef industry sectors are coordinated by a relatively subtle combination of absolute price levels and price relationships across feeder cattle weights. This paper presents a conceptual framework to understand market based coordination of production in the beef industry. The paper illustrates with examples from history and discusses the implications of permanently higher corn prices.Cattle Markets, Stocker Cattle, Market Coordination, Marketing,