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Buyer Concentration at Feeder Cattle Auctions

DeeVon Bailey, B. Wade Brorsen and Chris Fawson
Review of Agricultural Economics
Vol. 15, No. 1 (Jan., 1993), pp. 103-119
Stable URL: http://www.jstor.org/stable/1349715
Page Count: 17
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Buyer Concentration at Feeder Cattle Auctions
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Abstract

The influence of buyer concentration in two large feeder cattle auctions on feeder cattle prices at the auctions was investigated. Buyer concentration increased slightly for steers and heifers at one of the auctions between 1987 and 1989 and the increased concentration was estimated to have depressed prices an average of $0.05/cwt. Overall, prices at the other auction were depressed by an average of $0.44/cwt. between 1988 and 1989 due to increasing concentration at the auction.

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