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Adaptive Planning Under Price Uncertainty in Pork Production

Author

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  • Plain, Ronald L.
  • Williams, Joseph E.

Abstract

Market hog prices historically have shown great variation and have often followed a cyclical pattern. Franzmann (1979) finds evidence of a four-year and a twenty-eight-year cycle in hog prices. Price cycles imply the possibility of forecasting long-range prices. In turn, forecasting suggests the opportunity to vary the production or marketing process in order to maximize profits.

Suggested Citation

  • Plain, Ronald L. & Williams, Joseph E., 1981. "Adaptive Planning Under Price Uncertainty in Pork Production," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 13(2), pages 39-46, December.
    • Handle: RePEc:cup:jagaec:v:13:y:1981:i:02:p:39-46_02
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    Cited by:

    1. Schonkwiler, J. Scott, 1982. "Rational Forecasts And Livestock Futures Performance," 1982 Annual Meeting, August 1-4, Logan, Utah 279186, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Shonkwiler, J. Scott & Spreen, Thomas H., 1986. "Statistical Significance and Stability of the Hog Cycle," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 18(2), pages 227-234, December.
    3. Webber, C. A. & Graham, J. D. & MacGregor, R. J., 1988. "A Regional Analysis of Direct Government Assistance Programs in Canada and their Impacts on the Beef and Hogs Sectors," Working Papers 244071, Agriculture and Agri-Food Canada.
    4. Shonkwiler, J.S. & Spreen, T.H., 1986. "Bootstrapping The Hog Cycle," 1986 Annual Meeting, July 27-30, Reno, Nevada 278160, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    5. Gutierrez, Paul H. & Dalsted, Norman L. & Jonk, Yvonne C., 1989. "Selection and Development of the Replacement Asset: The Case of the Replacement Beef Heifer," WAEA/ WFEA Conference Archive (1929-1995) 244997, Western Agricultural Economics Association.

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