Price Discovery in Cattle Markets
Researchers look at 20 years of data to determine effect of trends, future of industry. by Pat Melgares, Kansas State University Agricultural economists say short-term disruptions in the fed-cattle and beef industries have not changed longer-term motivations for how buyers and sellers establish prices for cattle. They have finished an exhaustive review of price discovery in the fed-cattle and beef industry during the past 20 years, which explains current ways of doing business…