A Theoretical Analysis of the “Grid Pricing” Structure … · A Theoretical Analysis ... A Theoretical Analysis of the "Grid Pricing" Structure of the ... (Ser) and standard carcasses

Page 1 <img data-url='document/a-theoretical-analysis-of-the-grid-pricing-structure-a-theoretical-analysis.html?page=1' data-page='1' class='cut-thumb lazyload' alt='Page 1: A Theoretical Analysis of the “Grid Pricing” Structure … · A Theoretical Analysis ... A Theoretical Analysis of the "Grid Pricing" Structure of the ... (Ser) and standard carcasses' loading='lazy' src='data:image/gif;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAYAAAAfFcSJAAAADUlEQVR42mNk+P+/HgAFhAJ/wlseKgAAAABJRU5ErkJggg==' data-src='https://reader042.cupdf.com/reader042/viewer/2022031006/5b8984187f8b9a287e8c62c3/html5/thumbnails/1.jpg' width='140' height='200' /> A Theoretical Analysis of the “Grid Pricing” Structure

of the Beef Carcass Market

by

Michelle Beshear and James Trapp

Suggested citation format:

Beshear, M., and J. Trapp. 1997. “A Theoretical Analysis of the ‘Grid Pricing’ Structure of the Beef Carcass Market.” Proceedings of the NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management. Chicago, IL. [http://www.farmdoc.uiuc.edu/nccc134].

Page 2 <img data-url='document/a-theoretical-analysis-of-the-grid-pricing-structure-a-theoretical-analysis.html?page=2' data-page='2' class='cut-thumb lazyload' alt='Page 2: A Theoretical Analysis of the “Grid Pricing” Structure … · A Theoretical Analysis ... A Theoretical Analysis of the "Grid Pricing" Structure of the ... (Ser) and standard carcasses' loading='lazy' src='data:image/gif;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAYAAAAfFcSJAAAADUlEQVR42mNk+P+/HgAFhAJ/wlseKgAAAABJRU5ErkJggg==' data-src='https://reader042.cupdf.com/reader042/viewer/2022031006/5b8984187f8b9a287e8c62c3/html5/thumbnails/2.jpg' width='140' height='200' /> Page 3 <img data-url='document/a-theoretical-analysis-of-the-grid-pricing-structure-a-theoretical-analysis.html?page=3' data-page='3' class='cut-thumb lazyload' alt='Page 3: A Theoretical Analysis of the “Grid Pricing” Structure … · A Theoretical Analysis ... A Theoretical Analysis of the "Grid Pricing" Structure of the ... (Ser) and standard carcasses' loading='lazy' src='data:image/gif;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAYAAAAfFcSJAAAADUlEQVR42mNk+P+/HgAFhAJ/wlseKgAAAABJRU5ErkJggg==' data-src='https://reader042.cupdf.com/reader042/viewer/2022031006/5b8984187f8b9a287e8c62c3/html5/thumbnails/3.jpg' width='140' height='200' /> Page 4 <img data-url='document/a-theoretical-analysis-of-the-grid-pricing-structure-a-theoretical-analysis.html?page=4' data-page='4' class='cut-thumb lazyload' alt='Page 4: A Theoretical Analysis of the “Grid Pricing” Structure … · A Theoretical Analysis ... A Theoretical Analysis of the "Grid Pricing" Structure of the ... (Ser) and standard carcasses' loading='lazy' src='data:image/gif;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAYAAAAfFcSJAAAADUlEQVR42mNk+P+/HgAFhAJ/wlseKgAAAABJRU5ErkJggg==' data-src='https://reader042.cupdf.com/reader042/viewer/2022031006/5b8984187f8b9a287e8c62c3/html5/thumbnails/4.jpg' width='140' height='200' /> Page 5 <img data-url='document/a-theoretical-analysis-of-the-grid-pricing-structure-a-theoretical-analysis.html?page=5' data-page='5' class='cut-thumb lazyload' alt='Page 5: A Theoretical Analysis of the “Grid Pricing” Structure … · A Theoretical Analysis ... A Theoretical Analysis of the "Grid Pricing" Structure of the ... (Ser) and standard carcasses' loading='lazy' src='data:image/gif;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAYAAAAfFcSJAAAADUlEQVR42mNk+P+/HgAFhAJ/wlseKgAAAABJRU5ErkJggg==' data-src='https://reader042.cupdf.com/reader042/viewer/2022031006/5b8984187f8b9a287e8c62c3/html5/thumbnails/5.jpg' width='140' height='200' /> Page 6 <img data-url='document/a-theoretical-analysis-of-the-grid-pricing-structure-a-theoretical-analysis.html?page=6' data-page='6' class='cut-thumb lazyload' alt='Page 6: A Theoretical Analysis of the “Grid Pricing” Structure … · A Theoretical Analysis ... A Theoretical Analysis of the "Grid Pricing" Structure of the ... (Ser) and standard carcasses' loading='lazy' src='data:image/gif;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAYAAAAfFcSJAAAADUlEQVR42mNk+P+/HgAFhAJ/wlseKgAAAABJRU5ErkJggg==' data-src='https://reader042.cupdf.com/reader042/viewer/2022031006/5b8984187f8b9a287e8c62c3/html5/thumbnails/6.jpg' width='140' height='200' /> Page 7 <img data-url='document/a-theoretical-analysis-of-the-grid-pricing-structure-a-theoretical-analysis.html?page=7' data-page='7' class='cut-thumb lazyload' alt='Page 7: A Theoretical Analysis of the “Grid Pricing” Structure … · A Theoretical Analysis ... A Theoretical Analysis of the "Grid Pricing" Structure of the ... (Ser) and standard carcasses' loading='lazy' src='data:image/gif;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAYAAAAfFcSJAAAADUlEQVR42mNk+P+/HgAFhAJ/wlseKgAAAABJRU5ErkJggg==' data-src='https://reader042.cupdf.com/reader042/viewer/2022031006/5b8984187f8b9a287e8c62c3/html5/thumbnails/7.jpg' width='140' height='200' /> Page 8 <img data-url='document/a-theoretical-analysis-of-the-grid-pricing-structure-a-theoretical-analysis.html?page=8' data-page='8' class='cut-thumb lazyload' alt='Page 8: A Theoretical Analysis of the “Grid Pricing” Structure … · A Theoretical Analysis ... A Theoretical Analysis of the "Grid Pricing" Structure of the ... (Ser) and standard carcasses' loading='lazy' src='data:image/gif;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAYAAAAfFcSJAAAADUlEQVR42mNk+P+/HgAFhAJ/wlseKgAAAABJRU5ErkJggg==' data-src='https://reader042.cupdf.com/reader042/viewer/2022031006/5b8984187f8b9a287e8c62c3/html5/thumbnails/8.jpg' width='140' height='200' /> Page 9 <img data-url='document/a-theoretical-analysis-of-the-grid-pricing-structure-a-theoretical-analysis.html?page=9' data-page='9' class='cut-thumb lazyload' alt='Page 9: A Theoretical Analysis of the “Grid Pricing” Structure … · A Theoretical Analysis ... A Theoretical Analysis of the "Grid Pricing" Structure of the ... (Ser) and standard carcasses' loading='lazy' src='data:image/gif;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAYAAAAfFcSJAAAADUlEQVR42mNk+P+/HgAFhAJ/wlseKgAAAABJRU5ErkJggg==' data-src='https://reader042.cupdf.com/reader042/viewer/2022031006/5b8984187f8b9a287e8c62c3/html5/thumbnails/9.jpg' width='140' height='200' /> Page 10 <img data-url='document/a-theoretical-analysis-of-the-grid-pricing-structure-a-theoretical-analysis.html?page=10' data-page='10' class='cut-thumb lazyload' alt='Page 10: A Theoretical Analysis of the “Grid Pricing” Structure … · A Theoretical Analysis ... A Theoretical Analysis of the "Grid Pricing" Structure of the ... (Ser) and standard carcasses' loading='lazy' src='data:image/gif;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAYAAAAfFcSJAAAADUlEQVR42mNk+P+/HgAFhAJ/wlseKgAAAABJRU5ErkJggg==' data-src='https://reader042.cupdf.com/reader042/viewer/2022031006/5b8984187f8b9a287e8c62c3/html5/thumbnails/10.jpg' width='140' height='200' /> Page 11 <img data-url='document/a-theoretical-analysis-of-the-grid-pricing-structure-a-theoretical-analysis.html?page=11' data-page='11' class='cut-thumb lazyload' alt='Page 11: A Theoretical Analysis of the “Grid Pricing” Structure … · A Theoretical Analysis ... A Theoretical Analysis of the "Grid Pricing" Structure of the ... (Ser) and standard carcasses' loading='lazy' src='data:image/gif;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAYAAAAfFcSJAAAADUlEQVR42mNk+P+/HgAFhAJ/wlseKgAAAABJRU5ErkJggg==' data-src='https://reader042.cupdf.com/reader042/viewer/2022031006/5b8984187f8b9a287e8c62c3/html5/thumbnails/11.jpg' width='140' height='200' /> Page 12 <img data-url='document/a-theoretical-analysis-of-the-grid-pricing-structure-a-theoretical-analysis.html?page=12' data-page='12' class='cut-thumb lazyload' alt='Page 12: A Theoretical Analysis of the “Grid Pricing” Structure … · A Theoretical Analysis ... A Theoretical Analysis of the "Grid Pricing" Structure of the ... (Ser) and standard carcasses' loading='lazy' src='data:image/gif;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAYAAAAfFcSJAAAADUlEQVR42mNk+P+/HgAFhAJ/wlseKgAAAABJRU5ErkJggg==' data-src='https://reader042.cupdf.com/reader042/viewer/2022031006/5b8984187f8b9a287e8c62c3/html5/thumbnails/12.jpg' width='140' height='200' /> Page 13 <img data-url='document/a-theoretical-analysis-of-the-grid-pricing-structure-a-theoretical-analysis.html?page=13' data-page='13' class='cut-thumb lazyload' alt='Page 13: A Theoretical Analysis of the “Grid Pricing” Structure … · A Theoretical Analysis ... A Theoretical Analysis of the "Grid Pricing" Structure of the ... (Ser) and standard carcasses' loading='lazy' src='data:image/gif;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAYAAAAfFcSJAAAADUlEQVR42mNk+P+/HgAFhAJ/wlseKgAAAABJRU5ErkJggg==' data-src='https://reader042.cupdf.com/reader042/viewer/2022031006/5b8984187f8b9a287e8c62c3/html5/thumbnails/13.jpg' width='140' height='200' />

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