Crespi, John M.; Xia, Tian; Jones, Rodney - In: American Journal of Agricultural Economics 92 (2010) 3, pp. 685-697
The relationship between the dynamic cattle cycle and the potential for market power in cattle purchases has rarely been studied. This paper provides a conceptual framework showing how the cattle cycle and buyer market power are related. Not only does a larger cattle stock lead to a lower fed...