Lawrence, John D.; Schroeder, Ted C.; Hayenga, Marvin L. - Department of Economics, Iowa State University - 2001
The US pork and beef sectors are rapidly moving from traditional cash markets to formal vertical linkages. In 1999, 27% of Hogs and 65% of cattle were traded in the cash market and packers owned 18% of hogs and 5% of cattle; the rest were procured via marketing contracts. Contrary to popular...