Economic Models of Cattle Prices: How USDA Can Act to Improve Models to Explain Cattle Prices

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Our Price: $40.00

Year: 2002
Pages: 168
Binding Paperback

Product Code: 0756733936

Description

Nancy R. Kingsbury & Charles W. Bausell, Jr.. Reviews economic models, especially treatment of competition, marketing practices, & international trade effects on U.S. cattle prices & producers’ incomes. The report addresses 3 questions: To what extent do these models incorporate structural changes -- specifically, market concentration in the meatpacking sector & the use of marketing agreements, forward contracts, & imports?; What are the most important factors that affect cattle prices & producers’ incomes?; & What are the most significant data & modeling issues to be considered in developing a more comprehensive model, or logical framework, to explain cattle prices & producers’ income? Makes recommendations about how to resolve issues & problems regarding cattle price modeling.

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