13
Table 4. Regression results for factors affecting the extent of grid pricing by survey respondents in
2003
|
Independent Variable |
Coefficient |
|
Intercept |
-15.790 *** (1.91) |
|
Percent sold to largest buyer |
0.674 *** (6.02) |
|
Percent marketed with an agreement contract, part of an alliance or cooperative |
0.366 *** (5.42) |
|
Disagreement with "Tight supplies (fewer days on feeder)" |
-7.676 (1.62) |
|
Agreement with "Favorable profit margins" |
-10.765 ** (2.16) |
|
Agreement with "Wide Choice-Select price spread" |
11.488 ** |
|
Disagreement with "Wide YG4-YG5 price spread" |
-9.762 ** |
|
Agreement with "Dress well (high dressing percentage)" |
8.883 * (1.95) |
|
Disagreement with "Relatively stable futures market prices" |
14.336 *** (2.92) |
|
n |
110 |
|
Adjusted R2 |
0.596___________ |
Numbers in parentheses are absolute values of calculated t statistics; *=0.10, **=0.05, and ***=0.01
significance level.