Premium
Inter‐Firm Differences in Fed Cattle Prices in the Southern Plains
Author(s) -
Ward Clement E.
Publication year - 1992
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1242502
Subject(s) - fed cattle , value (mathematics) , agricultural economics , feeder cattle , economics , business , agricultural science , zoology , biology , mathematics , statistics
Abstract Pooled cross‐section time‐series data were used to assess inter‐firm differences in fed cattle prices paid by southern plains meatpackers during June 1989. Significant price differences were found among packers, even after accounting for numerous factors affecting fed cattle value. Some buyers paid higher prices and some lower prices than did one of the three largest packers. As a group, the Big Three firms paid lower prices than did smaller firms, both in the southern plains as a whole and in three of its subregions.