Relationships between Alternative Marketing Arrangement Prices for Fed Cattle and Hogs, 2001-2013 Report as inadecuate




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Research identifies relationships among weekly alternative marketing arrangement (AMA) prices since the advent of mandatory price reporting in 2001. Relationships between cash prices and other AMA prices, both for fed cattle and hogs, changed little over the twelve years. For fed cattle, cash prices were closer to formula prices and negotiated grid prices than to forward contract prices. For hogs, cash prices were closer to swine market formula prices than to either other market formula prices or other purchase prices. Both for fed cattle and hogs, cash prices were above other AMA prices in upward moving markets and below other AMA prices in downward moving markets. However, there was no indication the thinning negotiated cash market adversely affected these relationships.

Keywords: alternative price arrangements ; cattle ; hogs ; price discovery ; prices ; thin markets

Subject(s): Demand and Price Analysis

Marketing

Issue Date: 2014-06

Publication Type: Conference Paper/ Presentation

PURL Identifier: http://purl.umn.edu/179231

Total Pages: 23

Record appears in: Miscellaneous Papers





Author: Ward, Clement E. ; Vestal, Mallory K. ; Lee, Yoonsuk

Source: http://ageconsearch.umn.edu/record/179231?ln=en



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