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Reconstructing dynamics of foodborne disease outbreaks in the US cattle market from monitoring data
Conventional empirical studies of foodborne-disease outbreaks (FDOs) in agricultural markets are linear-stochastic formulations hardwiring a world in which markets self-correct in response to external random shocks including FDOs. These formulations were unequipped to establish whether FDOs cause ma...
Autores principales: | , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
Public Library of Science
2021
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7840002/ https://www.ncbi.nlm.nih.gov/pubmed/33503063 http://dx.doi.org/10.1371/journal.pone.0245867 |
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author | Huffaker, Ray Hartmann, Monika |
author_facet | Huffaker, Ray Hartmann, Monika |
author_sort | Huffaker, Ray |
collection | PubMed |
description | Conventional empirical studies of foodborne-disease outbreaks (FDOs) in agricultural markets are linear-stochastic formulations hardwiring a world in which markets self-correct in response to external random shocks including FDOs. These formulations were unequipped to establish whether FDOs cause market reaction, or whether markets endogenously propagate outbreaks. We applied nonlinear time series analysis (NLTS) to reconstruct annual dynamics of FDOs in US cattle markets from CDC outbreak data, live cattle futures market prices, and USDA cattle inventories from 1967–2018, and used reconstructed dynamics to detect causality. Reconstructed deterministic nonlinear market dynamics are endogenously unstable—not self-correcting, and cattle inventories drive futures prices and FDOs attributed to beef in temporal patterns linked to a multi-decadal cattle cycle undetected in daily/weekly price movements investigated previously. Benchmarking real-world dynamics with NLTS offers more informative and credible empirical modeling at the convergence of natural and economic sciences. |
format | Online Article Text |
id | pubmed-7840002 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2021 |
publisher | Public Library of Science |
record_format | MEDLINE/PubMed |
spelling | pubmed-78400022021-02-02 Reconstructing dynamics of foodborne disease outbreaks in the US cattle market from monitoring data Huffaker, Ray Hartmann, Monika PLoS One Research Article Conventional empirical studies of foodborne-disease outbreaks (FDOs) in agricultural markets are linear-stochastic formulations hardwiring a world in which markets self-correct in response to external random shocks including FDOs. These formulations were unequipped to establish whether FDOs cause market reaction, or whether markets endogenously propagate outbreaks. We applied nonlinear time series analysis (NLTS) to reconstruct annual dynamics of FDOs in US cattle markets from CDC outbreak data, live cattle futures market prices, and USDA cattle inventories from 1967–2018, and used reconstructed dynamics to detect causality. Reconstructed deterministic nonlinear market dynamics are endogenously unstable—not self-correcting, and cattle inventories drive futures prices and FDOs attributed to beef in temporal patterns linked to a multi-decadal cattle cycle undetected in daily/weekly price movements investigated previously. Benchmarking real-world dynamics with NLTS offers more informative and credible empirical modeling at the convergence of natural and economic sciences. Public Library of Science 2021-01-27 /pmc/articles/PMC7840002/ /pubmed/33503063 http://dx.doi.org/10.1371/journal.pone.0245867 Text en © 2021 Huffaker, Hartmann http://creativecommons.org/licenses/by/4.0/ This is an open access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) , which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited. |
spellingShingle | Research Article Huffaker, Ray Hartmann, Monika Reconstructing dynamics of foodborne disease outbreaks in the US cattle market from monitoring data |
title | Reconstructing dynamics of foodborne disease outbreaks in the US cattle market from monitoring data |
title_full | Reconstructing dynamics of foodborne disease outbreaks in the US cattle market from monitoring data |
title_fullStr | Reconstructing dynamics of foodborne disease outbreaks in the US cattle market from monitoring data |
title_full_unstemmed | Reconstructing dynamics of foodborne disease outbreaks in the US cattle market from monitoring data |
title_short | Reconstructing dynamics of foodborne disease outbreaks in the US cattle market from monitoring data |
title_sort | reconstructing dynamics of foodborne disease outbreaks in the us cattle market from monitoring data |
topic | Research Article |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7840002/ https://www.ncbi.nlm.nih.gov/pubmed/33503063 http://dx.doi.org/10.1371/journal.pone.0245867 |
work_keys_str_mv | AT huffakerray reconstructingdynamicsoffoodbornediseaseoutbreaksintheuscattlemarketfrommonitoringdata AT hartmannmonika reconstructingdynamicsoffoodbornediseaseoutbreaksintheuscattlemarketfrommonitoringdata |