Price Pattern Prediction in the Korean Beef Market

• 발행기관: 한국농업경제학회
• 저자명: Kyoungjin Kim Seonu Ji Tongjoo Suh
• 간행물 정보: 『농업경제연구』농업경제연구 63권 1호, 103~121쪽, 전체 19쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2022.03.30

영문 초록

Responding to the market has been faster than in the past as the proportion of scaled-up farms has increased. Accordingly, it became more important for the Hanwoo industry to predict the Hanwoo price level and understand the price pattern from a short-term perspective. In this paper, a price pattern analysis model of Hanwoo was constructed based on the transaction information in the auction market. As a result of the analysis, it is shown that the daily price change rate ranges from 0.87% to 1.59%, and prices decrease – relatively on Monday. Also, the price of Hanwoo was high in January and September, indicating the calendar effect, which refers to a specific price effect that occurs at a specific time. The results of the study imply that the price of Hanwoo is strongly bound by daily and monthly cycles. From a farm s point of view, shipping dates for Hanwoo can be either moved forward or postponed, allowing variable selections within a short period, and decision-making on the slaughter of Hanwoo at a short-term level can change on a daily basis. The information derived from this study can be used as a basis for decision making.

목차

Ⅰ. Introduction

Ⅱ. Materials and Methods

Ⅲ. Results

Ⅳ. Discussion

Ⅴ. Conclusion

References

Appendix

키워드

Price Forecasting Price Pattern Price Trend Hanwoo Calendar Effect