This study aims to assess both price transmission and interdependence between finished cattle arroba prices and calf prices in major Brazilian beef cattle markets. It used causality tests and regression models based on Houck to analyze interdependence and the price transmission from finished cattle arroba to calf prices from 2014 to 2022. Findings pointed to interdependent relationship between finished cattle arroba prices and calf prices. They also showed that price transmission from finished cattle arroba prices to calf prices was symmetric for current transmission and asymmetric for forecast transmission in all markets. The contribution of this study is its original test of the symmetry hypothesis of price transmission from beef cattle of different stages/categories and planning horizons.
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Neto et al. (2024) studied this question.
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