Price Discovery in Nebraska Cash Cattle Markets (original) (raw)

AI-generated Abstract

This study examines price discovery in Nebraska's cash cattle markets, drawing from substantial data on feeder cattle sold during the 2008 market year. Contrary to conventional beliefs that fat cattle prices largely influence the market, evidence suggests that 400-500 pound steers serve as the primary drivers of price discovery in Nebraska. The research contrasts findings from a Texas study, attributing the differences to variations in the structural characteristics of cattle industries in both states, including breeds used, climate, and producer distribution. The study underscores the importance of understanding the specific weight/gender classes where price trends emerge, particularly for stakeholders engaged in the Nebraska cattle market.

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