Concentration-Price Relations in Regional Fed Cattle Markets
| dc.creator | Marion, Bruce W. | |
| dc.creator | Geithman, Frederick E. | |
| dc.date | 2017-04-01T14:40:59Z | |
| dc.date.accessioned | 2026-07-09T03:50:07Z | |
| dc.description | Since 1977, the U.S. beef packing industry has been restructured at a pace unprecedented in large American industries. By 1987, four packers slaughtered over two-thirds of all steers and heifers. In the thirteen regional feedlot-packer markets studied here, the four leading packers slaughtered 85 percent of fed cattle, on average. The impact of packer concentration on fed cattle prices during 1971-86 was examined using several econometric models. The results generally support the hypothesis that packer concentration was negatively related to live cattle prices. Cattle prices were estimated to be about 3 percent less in the most concentrated region compared to the least concentrated region. There was evidence of a critical concentration of CR4 = 60 in regional livestock markets. | |
| dc.identifier | doi:10.22004/ag.econ.25213 | |
| dc.identifier | https://ageconsearch.umn.edu/record/25213/files/rr940025.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/25213 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/540627 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/25213 | |
| dc.title | Concentration-Price Relations in Regional Fed Cattle Markets | |
| dc.type | Text |