PRICE REPORTING in A THIN MARKET

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dc.contributor.author Ajewole, Kayode
dc.contributor.author Schroeder, Ted C.
dc.contributor.author Parcell, Joe
dc.date.accessioned 2017-12-12T20:30:53Z
dc.date.available 2017-12-12T20:30:53Z
dc.identifier.uri http://hdl.handle.net/2097/38437
dc.description Citation: Ajewole, K., Schroeder, T. C., & Parcell, J. (2016). PRICE REPORTING in A THIN MARKET. Journal of Agricultural and Applied Economics, 48(4), 345-365. doi:10.1017/aae.2016.19
dc.description.abstract Thin markets create challenges for reporting market information by the U.S. Department of Agriculture (USDA) and for users of the information. This study examines distributions of transactions comprising daily price reports in the U.S. hog market. We determine publicly reported daily prices are sensitive to which packing plants buy hogs. Transaction prices comprising USDA Agricultural Marketing Service price reports are not normally distributed; care must be taken in reporting and interpreting transaction prices. Economically important variations in prices occur because of packer-specific indicators. Daily reported prices are used as base prices in marketing agreements, making variation of even greater importance. Copyright © The Author(s) 2016.
dc.relation.uri https://doi.org/10.1017/aae.2016.19
dc.rights Attribution 4.0 International (CC BY 4.0)
dc.rights.uri http://creativecommons.org/licenses/by/4.0/
dc.subject Hog Prices
dc.subject Price Reporting
dc.subject Thin Markets
dc.title PRICE REPORTING in A THIN MARKET
dc.type Article
dc.date.published 2016
dc.citation.doi 10.1017/aae.2016.19
dc.citation.epage 365
dc.citation.issn 1074-0708
dc.citation.issue 4
dc.citation.jtitle Journal of Agricultural and Applied Economics
dc.citation.spage 345
dc.citation.volume 48
dc.contributor.authoreid tcs
dc.contributor.kstate Schroeder, Ted C.


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Attribution 4.0 International (CC BY 4.0) Except where otherwise noted, the use of this item is bound by the following: Attribution 4.0 International (CC BY 4.0)

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