Thesis (Ph. D.)--University of Alberta, 2010. / Title from pdf file main screen (viewed on April 6, 2010). Spring 2010. At head of title: University of Alberta. A thesis submitted to the Faculty of Graduate Studies and Research in partial fulfillment of the requirements for the degree of Doctor of Philosophy in Agricultural and Resource Economics, Department of Rural Economy. Includes bibliographical references.

Thesis (Ph. D.)--University of Chicago, Dept. of Economics, June 2000. / Includes bibliographical references. Also available on the Internet.

Thesis--Sevilla. / Includes bibliographical references (p. [425]-444) and index.

Thesis (Ph. D.)--University of Wisconsin--Madison, 1963. / Typescript. Vita. eContent provider-neutral record in process. Description based on print version record. Includes bibliographical references.

No description available.

The short-run interaction between the cattle feeding sector, as represented by <u>Cattle Fax</u> member feedlots, and the live cattle futures market is examined. The purpose of this research is to explore the simultaneity between placement decisions made in the cattle feeding sector and the price discovery process for distant contracts within the live cattle futures market. The efficiency of these processes will have implications to variability in supplies and thus, cash market prices for fed cattle. Input demand functions for feeder cattle were estimated as a function of numerous economic and technical factors. These modeling efforts reveal that cattle feeders consistently use distant futures prices in the formulation of expected prices when making placement decisions. Lead/lag analyses were conducted between the Cattle Fax placement series and the live cattle futures price series. Results from Granger type models reveal the live cattle futures market efficiently gathers and incorporates information on future supply conditions in the price discovery process for distant contracts. The recursive system created by these two models was examined and was found to be stable. The emergence of new information, pertinent to the feeding sector and the live cattle futures market, will cause orderly shifts to new equilibrium levels of placements of cattle on feed and distant live cattle futures prices. This research supports the conclusion that, because of the nature of the interaction between the live cattle futures market and the cattle feeding sector, the existence of the live cattle futures market aids in stabilizing the flow of cattle placed on feed. The results of stable flows of cattle placed on feed should be relatively stable flows of fed cattle marketings, and relatively more stable cash slaughter cattle prices. / Master of Science / incomplete_metadata

Because of a prevalent concern that feeder heifer prices are often bid below their true value, particularly in Virginia, a study was made of factors affecting price differentials between steers and heifers, and of variations in these differentials across regions and over time. The fall market sex price differential for feeder calves in Virginia (1964 through 1976) was compared to the differential in five other regions: the Corn Belt, the Southeast, the Plains, the Mountain States, and California. A cross-section time-series model was designed in which sex price differentials across years and regions were regressed against hay prices, short-term feeder cattle price expectations, the corn price, the fed cattle sex price differential, and the heifer-steer proportion on feed. In addition to these economic variables, five regional zero-one intercept shifters were included; all explanatory variables accounted for 84.8 percent of the variation in the feeder sex price differential, while the economic variables alone accounted for 71.6 percent of the variation across regions and over time. Based upon this research, the steer-heifer feeder price differential in Virginia may be expected in most years to exceed the sex price spread in other markets; however, the estimated effect of the economic variables was not sufficient to entirely account for the higher Virginia sex price differential. One possible reason is that some relevant economic variable(s) were excluded; or pricing distortions may exist due to a lack of price information or due to imperfections in the grading system. / Master of Science

This report consists of a presentation of prices paid for the various classifications and grades of cattle sold in the Fort Worth Livestock Market during 1952; a comparison of 1951-1952 prices showing a sharp decline in the price of all grades and classifications which began in June of 1952; and an examination of some of the major factors contributing to the decline in cattle prices as reflected in the Livestock Market, Fort Worth, Texas. From a study of cattle prices that prevailed in the Fort Worth market during 1951 and 1952, and a consideration of some of the factors contributing thereto, the following conclusions are drawn: First, prices of all grades of cattle soared to unusually high levels during 1951, thereby accentuating the drop in price which occurred in the latter part of 1952. Second, the withholding of cattle from slaughter, during a cattle build-up process, rather than a scarcity of cattle in this country was primarily responsible for extremely high prices in 1951. Third, cattle production in this country has progressed in cycles of eight to ten years duration of each; the period under consideration was on the build-up side of the present cycle which began in 1949; and prices for 1951 and 1952 were definitely affected by cyclical influences.

Call number: LD2668 .T4 1984 H633 / Master of Science

No description available.