Author:
VanTassell Larry W.,Bessler David A.
Abstract
AbstractVector autoregression was utilized to investigate dynamic relationships existing between prices of purebred bulls and prices of slaughter steers, utility cows, feeder calves, and cow-calf pairs. Results suggest purebred bull prices respond most quickly to an increase in utility cow prices (proxy for slaughter bull prices). Feeder calf prices exhibited the most pronounced positive effect on the price of herd sires, with a lagged response which took over two years to build.
Publisher
Cambridge University Press (CUP)
Subject
Economics and Econometrics,Agricultural and Biological Sciences (miscellaneous)
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