A Comparison of the Utah Cattle Slaughter Market with the California Cattle Carcass Market
Author | : Marion Lloyd Davies |
Publisher | : |
Total Pages | : 150 |
Release | : 1970 |
ISBN-10 | : OCLC:49301244 |
ISBN-13 | : |
Rating | : 4/5 ( Downloads) |
Download or read book A Comparison of the Utah Cattle Slaughter Market with the California Cattle Carcass Market written by Marion Lloyd Davies and published by . This book was released on 1970 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reliable price data for fat cattle in Utah are becoming difficult to obtain because fewer and fewer slaughter cattle go through market channels where live cattle prices are reported. The objectives of this study were to determine how correlated Utah fat cattle prices are with the California dressed meat market for cattle and formulate an equation or equations enabling reliable price predictions to be made for the Utah slaughter cattle market. Utah choice and good steer prices (both direct and auction) were compared to the San Francisco wholesale meat market prices. Utah choice steer, good steer and choice heifer prices (both direct and auction) were compared with the Los Angeles wholesale meat market prices. All price comparisons were highly correlated except Utah good steer prices and Los Angeles dressed meat market prices, A regression analysis not only gave the correlation coefficients but was also used to determine any time lags between the Utah slaughter cattle market and the California dressed meat market for cattle. Price changes in the Utah slaughter cattle market are preceded by at least one week0́9s change in the California dressed meat market for all classifications and grades of slaughter cattle used in this study. A mathematical model was formulated which equated Utah fat cattle prices with the California dressed meat market prices. This model as well as statistical model obtained from the regression analysis if used with the time lags predicts Utah fat cattle prices very satisfactorily.