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Producer prices in cotton markets: Evaluation of reported price information accuracy

✍ Scribed by Darren Hudson; Don Ethridge; Jeff Brown

Book ID
102660501
Publisher
John Wiley and Sons
Year
1996
Tongue
English
Weight
713 KB
Volume
12
Category
Article
ISSN
0742-4477

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✦ Synopsis

This study evaluates the accuracy o f the US Department of Agriculture's Daily Spot Cotton Quotations (DSCQ) in reporting producer prices in the Texas-Oklahoma cotton production regions. Analysis of price levels and movements suggests that the DSCQ tend to overstate estimated producer prices for base quality, overstate quality discounts, and understate producer quality premiums in relation to hedonic measurement of prices. The DSCQ also did not move with the hedonic prices on a daily basis, but tended to lag the hedonic prices over longer periods. These lead-lag relationships did not appear consistent over qualities, regions, or years. 01 996 John Wdey & Sons, lnc.

πŸ“œ SIMILAR VOLUMES

Price information in Producer markets: A
Price information in Producer markets: An evaluation of futures and spot cotton price relationships in the southwest region using cointegration
✍ Darren Hudson; Emmett Elam; Don Ethridge; Jeff Brown πŸ“‚ Article πŸ“… 1996 πŸ› John Wiley and Sons 🌐 English βš– 519 KB

Producer spot (cash) prices of cotton from the Southwest region were compared to futures prices for cotton to examine the cashJutures price relationship using the cointegration technique. The results showed that the cash producer price and the futures price were not consistently related. The futures