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The Effects of Mad Cow Disease on U.S. Live Cattle Futures Price

Published online by Cambridge University Press:  28 April 2015

Newton N. Paiva
Newton N. Paiva*
Affiliation:
Department of Animal and Dairy Science, University of Georgia, Athens, GA
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Abstract

Due to red meat consumption, bovine spongiform encephalopathy (BSE) disease has been a major human health concern since its discovery in 1986. An event study approach was applied to determine the impact of BSE official events that occurred in the United Kingdom on U.S. live cattle futures prices. When abnormal returns were aggregated during the course of the events, the price series were adversely affected, mainly after the event day. This suggests that market reaction was dissipated quickly and that no leakage of information occurred prior to the event.

Keywords

abnormal returnsbovine spongiform encephalopathyevent studylive cattle futures priceQ11Q13Q14Q17
Type
Graduate Student Paper Awards
Information
Journal of Agricultural and Applied Economics , Volume 35 , Issue 2 , August 2003 , pp. 407 - 413
Copyright
Copyright © Southern Agricultural Economics Association 2003

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References

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