Among all economic cycles that alternately bring cheer and despair to their participants and continuously challenge the ingenuity of analysts, none presents so rhythmic a pattern as does the cycle in cattle numbers. Many studies of the cattle cycle have been attempted but few published. This...

The last few years have seen a resurgence of creative effort in commodity price analysis, following a decade or so when analysts exploited but did not greatly extend the brilliant achievements of the 1920's and early 1930's. Much of the current research is the product of new talent. Some,...