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US and Canadian Cattle Markets: Integration, The Law of One Price, and Impacts from Increased Canadian Slaughter Capacity: Author: Grant, Brenna Beth; Date: 2007-05-15; Program: Applied Economics; Abstract: The objectives of this study are to econometrically determine if the US and Canadian fed steer, feeder steer, and slaughter cow markets were integrated from 1985 to 2006. The law of one price was tested for individually defined policy regimes. Price transmission and exchange rate pass-through are tested in each regime to determine the degree of market integration for each cattle market. Regimes are tested for changes in market structure to determine if the policy change had been significant. The increase in Canadian slaughter capacity is then quantified on cattle prices in Canada and the US. A...; Download File | View full details