U. S. Beef Industry (Classic Reprint): Cattle Cycles, Price Spreads, and Packer Concentration - Couverture souple

Kenneth H. Mathews Jr.

 
9780365651284: U. S. Beef Industry (Classic Reprint): Cattle Cycles, Price Spreads, and Packer Concentration

Synopsis

Beef Price Cycles explains how inventories, feed costs, and packer power shape farm-to-retail beef prices.

This accessible report examines the 1990s cattle cycle and compares it with previous cycles to uncover what changed and why. It questions common beliefs about market concentration and shows how price movements across farm, wholesale, and retail levels interact. This edition presents clear findings from multiple analyses, including an asymmetric model of price movements. It explores whether the 1990s cycle was unusually severe, and it offers perspective on how cattle cycles and price spreads relate to market structure. The work is grounded in historical data and practical implications for producers, policymakers, and industry observers.

  • How cattle cycles develop and how key variables like inventories and feed costs interact with prices.
  • What price spreads reveal about the farm, wholesale, and retail beef markets.
  • Evidence on the impact of packer concentration on producer prices.
  • How an asymmetric modeling approach helps explain price movements across market levels.
Ideal for readers of market analysis and policy discussions, this book provides a data-driven view of cattle cycles, price spreads, and industry structure. It helps farmers, researchers, and industry stakeholders understand past cycles to better gauge future market dynamics.

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