1. 연구의 배경 및 목적2. 시계열 분석 모델3. 모델의 추정과 가격 전망4. 요약 및 결론 A transfer function model that allows exogenous variables in time seriesanalysis is used to forecast monthly beef cattle prices. Three models areconsidered: i) a transfer function with male calf price (model I), ii) atransfer function with the quantity of beef slaughter (model II), and iii)a transfer function with male calf price and the quantity of beef slaughter(model III).Model II turns out superior for three and six month-forecasting, while modelI shows best fitness for one-year period forecasting. A downward trend from itspeak in November 2001 is forecasted.Beef cattle price is likely to fall until July 2002. Later the price willbecome back to rise, reaching peak of 4,150 or 4,300 thousand won aroundNovember 2002. It may also be worthwhile to apply time series models forforecasting short-run pork and chicken prices.