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- Title
Short-Term Adjustments in Yellow Sheet Carcass Prices for Red Meats.
- Authors
Marsh, John M.; Brester, Gary W.
- Abstract
The Pascal density function was used to estimate monthly Yellow Sheet carcass prices for beef, pork, and lamb. Yellow Sheet prices have been criticized for lack of economic responsiveness due to small sampling and thin negotiated markets. However, the statistical results show that systematic economic factors explain about 85s of the variation in Yellow Sheet prices, i.e., direct and competitive production, cold storage, disposable income, and seasonality. Though the role of the stochastic error process was relatively small, a continual decline in negotiated transactions could increase its role, raising questions about wholesale market pricing efficiency.
- Subjects
LIVESTOCK; NEGATIVE binomial distribution; SAMPLING (Process); PRICES
- Publication
American Journal of Agricultural Economics, 1985, Vol 67, Issue 3, p591
- ISSN
0002-9092
- Publication type
Article
- DOI
10.2307/1241080