Data/hora: 16/06/2024 06:09:19

Provedor de dados: 	31	
País: 	United States	
Título: 	OPTIMAL MARKETING DECISIONS FOR FEEDER CATTLE UNDER PRICE AND PRODUCTION RISK	
Autores: 	Wang,   Xuecai; Dorfman,   Jeffrey H.; McKissick,   John C.; Turner,   Steven C.	
Data: 	2005-06-21	
Ano: 	2001	
Palavras-chave: 	Cattle; Decision science; Estimation risk; Marketing; Livestock Production/Industries; C6; D2; Q1.	
Resumo: 	In many parts of the U.S., beef cattle production is a large sector of the agricultural economy, yet few of the cattle are stockered; instead the production is focused on cow-calf operations only.  Restricting their operation to only the first phase of beef production may be limiting the cattle owners' profit potential.  This paper examines the opportunities for operators to earn additional profit from stockering cattle.  Using a representative risk-averse producer, a decision set with seven possible marketing strategies is elevated for the optimal decision in a Bayesian framework which allows for price and production risk.  We find that in many instances retaining the cattle for stockering is a superior decision when done in conjunction with specific hedging strategies utilizing options and futures contracts.	
Tipo: 	Journal Article	
Idioma: 	Inglês	
Identificador: 	16720

http://purl.umn.edu/15442	
Editor: 	AgEcon Search	
Relação: 	Journal of Agricultural and Applied Economics&gt;Volume 33, Number 03, December 2001	
Formato: 	13

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