RISK AND MARKET PARTICIPANT BEHAVIOR IN THE U.S. SLAUGHTER-CATTLE MARKET
| dc.creator | Feuz, Dillon M. | |
| dc.creator | Fausti, Scott W. | |
| dc.creator | Wagner, John J. | |
| dc.date | 2017-04-01T17:59:26Z | |
| dc.date.accessioned | 2026-07-09T04:11:06Z | |
| dc.description | Incomplete information generates uncertainty for market participants in the slaughter-cattle market. Buyer and seller behavior in the presence of that uncertainty is examined. Statistically significant risk premiums are charged by packers when buying slaughter cattle on either a live- or dressed-weight basis compared to buying on a grade-and-yield basis. Pratt-Arrow risk-aversion coefficients are calculated for buyers and these remain constant over all marketing methods. Sellers market cattle under all three marketing methods, suggesting producers' attitudes toward risk (risk-aversion coefficients) vary. | |
| dc.identifier | doi:10.22004/ag.econ.30935 | |
| dc.identifier | https://ageconsearch.umn.edu/record/30935/files/20010022.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/30935 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/546104 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/30935 | |
| dc.title | RISK AND MARKET PARTICIPANT BEHAVIOR IN THE U.S. SLAUGHTER-CATTLE MARKET | |
| dc.type | Text |