Prices for Choice and Select grade fed cattle are derived from wholesale and retail beef markets. Choice-Select price discounts are a key component of fed cattle pricing, whether packers purchase fed cattle on a live weight, dressed weight, or grid. This study identifies supply, demand, and...

Price discovery is a frequent topic of research, but many times is not clearly defined and thus purported to cover a myriad of topics. This article provides two alternative theories as the basis for one line of price discovery research. Empirical models consistent with the two theories are...

Consolidation in meatpacking has elicited many market power concerns and studies. A noncooperative, infinitely repeated game theory model was developed and an empirical model estimated to measure beef packing firm behavior in cattle procurement. Experimental market data from three semester-long...

"Willingness-to-pay (WTP) for hypothetical brand name fresh beef products was measured using the Becker-DeGroot-Marschak experimental auction procedure. Auctions were conducted in a field setting in and around Winnipeg, Manitoba during the summer of 2006. Four hypothetical brands were developed...

The goal of this research was to determine success factors for New Generation Cooperatives (NGCs). A self-explicated approach was used to assess the importance of various factors grouped in broad categories using data collected from a mailout survey of NGC managers. Results suggest that factors...

Two surveys of New Generation Cooperative (NGC) managers were carried out to ascertain the factors most important to their success. Factors in the Planning and Development as well as the Financing and Cost categories were most important, and NGCs with more employees and more members' equity are...

Competition among beef packing firms, use of so-called captive supply, and methods of price discovery have been prolonged, contentious issues in the U.S. beef industry for two decades or more. While of lesser apparent concern in Canada for many years, these same matters rose to the forefront of...

The Fed Cattle Market Simulator (FCMS) was developed by a team of researchers at Oklahoma State University to aid in understanding the forces that influence price discovery in the fed cattle market. Participants in the FCMS play the role of feedlot marketing managers and packing plant...