| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
Incidence of Agro-Climate Variability over Grass-Fed Cattle Markets.
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| Autores: |
Lanfranco, Bruno A.
Castano, Jose Pedro
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| Data: |
2010-04-30
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| Ano: |
2010
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| Palavras-chave: |
Cattle prices
Climate variability
Agro-ecological conditions
Seasonal effects
Price formation
Differentiated products
Demand and Price Analysis
Livestock Production/Industries
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| Resumo: |
The marginal contribution of each of the selected variables was quantified in terms of premiums and discounts and mapped as dynamic iso-price regions that illustrate geographic and seasonal permanent price patterns for feeder cattle, as well as changing market conditions derived from unexpected climate and weather variability. The graphic representation of how price patterns may change with climate variability allows for a better understanding of short term market disequilibrium derived from this type of variability. This may help cattle operators and producers improve farm management and making informed decisions.
The objective of this study was the quantification of the effects of intra-annual and seasonal agro-climate variability over market conditions, for “open sky” livestock production systems such as those prevailing in Uruguay. Permanent conditions (soil type, including productivity and water storage capacity), pastures seasonal average growth cycles) will be discriminated from not permanent conditions (intra-annual and seasonal climate variability), identifying regional patterns using iso-price maps. The magnitude of the effects of the selected variables is reflected by their marginal contribution to the price received by cattle lots in the market at a certain point in time. Almost eight years of available per-lot trading information from live cattle video auctions is utilized to construct confidence intervals over the average price patterns. Information about abnormal intra-annual and seasonal variability, especially the occurrence of extreme events, will be used for monitoring unexpected changes and sudden short term cattle price movements.
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| Tipo: |
Conference Paper or Presentation
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| Idioma: |
Inglês
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| Identificador: |
http://purl.umn.edu/61182
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| Relação: |
Agricultural and Applied Economics Association>2010 Annual Meeting, July 25-27, 2010, Denver, Colorado
Poster
10313
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| Formato: |
1
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