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Causal Relationships In The Beef Cattle Market

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  • Spree, Thomas H.
  • Shonkwiler, J. Scott
  • Chang, Julio

Abstract

The causal relationships among feeder calf prices, fed cattle prices, and feed costs are investigated using three alternative statistical tests. Employing the Granger concept of causality and using monthly data it is determined that feed costs lead both animal price series, but no lead-lag relationship is found between feeder steer and fed steer prices.

Suggested Citation

  • Spree, Thomas H. & Shonkwiler, J. Scott & Chang, Julio, 1980. "Causal Relationships In The Beef Cattle Market," 1980 Annual Meeting, July 27-30, Urbana-Champaign, Illinois 278995, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea80:278995
    DOI: 10.22004/ag.econ.278995
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    References listed on IDEAS

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    1. Feige, Edgar L & Pearce, Douglas K, 1979. "The Casual Causal Relationship between Money and Income: Some Caveats for Time Series Analysis," The Review of Economics and Statistics, MIT Press, vol. 61(4), pages 521-533, November.
    2. Granger, C W J, 1969. "Investigating Causal Relations by Econometric Models and Cross-Spectral Methods," Econometrica, Econometric Society, vol. 37(3), pages 424-438, July.
    3. John R. Franzmann & Rodney L. Walker, 1972. "Trend Models of Feeder, Slaughter, and Wholesale Beef Cattle Prices," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 54(3), pages 507-512.
    4. Trierweiler, John E. & Hassler, James B., 1971. "Measuring Efficiency in the Beef-Pork Sector by Price Analysis," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 23(1), pages 1-8, January.
    5. Hiram C. Barksdale & Jimmy E. Hilliard & Mikael C. Ahlund, 1975. "A Cross-Spectral Analysis of Beef Prices," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 57(2), pages 309-315.
    6. Sims, Christopher A, 1972. "Money, Income, and Causality," American Economic Review, American Economic Association, vol. 62(4), pages 540-552, September.
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    Keywords

    Livestock Production/Industries;

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