SABIIA - Sistema Aberto e Integrado de Informação em Agricultura (Sabiia)

Schroeder, Ted C.; Ward, Clement E.; Mintert, James R.; Peel, Derrell S..

An Assessment of the Livestock Mandatory Reporting Act

Palavras-chave: Livestock Production/Industries; Marketing.

Ano: 1997

URL: http://purl.umn.edu/35837

Federal government funding for public price reporting began in 1914. Since then, most public market reporting for livestock and meat has relied on voluntary participation by market participants. Populist support in 1999 led to passage of the Livestock Mandatory Reporting Act which replaced the decades old voluntary reporting system with a mandatory system for livestock and meat. Questions were raised by policymakers and others in discussions of the Act's renewal as to effectiveness of the mandatory reporting system. This paper draws from available information to assess the Act's effectiveness since its initial implementation. Satisfaction or dissatisfaction with the Act depends on one's expectations for what the Act was to accomplish or problems the...

ASYMMETRIC VALUE OF PRECONDITIONING PROGRAMS FOR FEEDER CATTLE

Palavras-chave: Livestock Production/Industries; Marketing.

Ano: 2006

URL: http://purl.umn.edu/18998

Avent, R. Keith; Ward, Clement E.; Lalman, David L..

Preconditioning is not new but has received considerable attention in recent years. This research addresses two questions. Are buyers of preconditioned feeder calves paying a price premium close to the performance benefits expected from preconditioning? Is there information asymmetry in the value to the buyers compared with the premium they pay? Buyers paid a price premium but less than the expected performance gains. Thus, the hypothesis of asymmetry of information between buyers and sellers could not be confirmed.

Factors Affecting Beef Cow-Herd Costs, Production, and Profits

Palavras-chave: Livestock Production/Industries.

Ano: 2002

URL: http://purl.umn.edu/36559

Ramsey, Ruslyn; Doye, Damona G.; Ward, Clement E.; McGrann, James M.; Falconer, Lawrence L.; Bevers, Stanley J..

Cow-herd standardized performance analysis (SPA) data for Texas, Oklahoma, and New Mexico were used to determine economic factors affecting cow-herd costs, production, and profitability. Total cost was defined as the financial cost associated with raising a calf through the weaning stage; production, as pounds weaned per exposed female; and profits, as a rate of return on assets. Variable affecting one of more performance measures included herd size; pounds of feed fed; real estate, machinery, and breeding-stock investments; calving percentage; death loss; and breeding-season length. Management variables were especially important for financial costs and profitability of the cow-herd operation.

Tipo: Journal Article

Palavras-chave: Beef; Cattle; Costs; Cow-calf; Economics; Production; Profits; Return on assets; Production Economics; Q120.

Ano: 2005

URL: http://purl.umn.edu/43687

Factors Affecting Quality Grade Discounts for Fed Cattle

Hogan, Robert J., Jr.; Carlberg, Jared G.; Ward, Clement E.; Peel, Derrell S..

Prices for Choice and Select grade fed cattle are derived from wholesale and retail beef markets. Choice-Select price discounts are a key component of fed cattle pricing, whether packers purchase fed cattle on a live weight, dressed weight, or grid. This study identifies supply, demand, and other factors affecting the Choice-Select discount series using an adaptive expectations model. It is found that the lagged value of the discount as well as the percentage grading Choice exert statistically significant influences on the discount, while neither the boxed beef price nor seasonality affect the discount.

Tipo: Presentation

Palavras-chave: Choice-Select discount; Marketing; Prices; Quality; Demand and Price Analysis; Marketing.

Ano: 2012

URL: http://purl.umn.edu/119814

Cost and Benefit Analysis of a Preconditioning Feeder Calf Program

Donnell, Jeri; Ward, Clement E..

Objectives were twofold: Determine key factors influencing preconditioning cost and returns; and determine the premium for age and source verified, preconditioned calves sold at a public livestock market. Data provided by the Samuel Roberts Noble Foundation show preconditioning returns depend significantly on number of days preconditioned, average daily gain, and cost of vaccinations, hay, feed, and mineral. Noble Foundation cooperators received a premium for age and source verified, preconditioned feeder cattle when sold at market. Significant coefficients averaged across five sales conclude that Noble Foundation management practices receive a $2.49/cwt premium when compared to all other cattle sold at market.

Palavras-chave: Cattle; Calves; Preconditioning; Prices; Costs; Age and source verification; Marketing.

Ano: 2008

URL: http://purl.umn.edu/42303

Schulz, Lee L.; Schroeder, Ted C.; Ward, Clement E..

Price differences among fed cattle prices in Canada and the United States (referred to here as fed cattle basis) are important for Canadian cattle feeders, but changing government regulations in Canada and the United States have made basis more variable. This article uses transaction data from Canadian feedlots to quantify fed cattle price differentials in light of new policy initiatives. Using transaction prices, we find that differing slaughter regulations, labeling laws, and policies affecting access to U.S. markets for Canadian cattle affect fed cattle basis.

Tipo: Journal Article

Palavras-chave: Basis; Canada; Cattle prices; Government policy; International trade; Market access; Transaction prices; International Relations/Trade; Livestock Production/Industries.

Ano: 2011

URL: http://purl.umn.edu/117174

Impact of Beef Quality on Market Signals Transmitted by Grid Pricing

Johnson, Heather C.; Ward, Clement E..

Value-based marketing is shaping cattle production; however, market signals differ dramatically depending on carcass quality. This study applies a two-stage coefficients of separate determination procedure to four regional fed cattle datasets sorted by grid value and by carcass quality attributes. Weight is the strongest signal sent when higher valued cattle and better quality cattle are sold on a grid. Quality characteristics send stronger signals when lower valued cattle and poorer quality cattle are sold on a grid. Producers of lower quality cattle can potentially gain $52 to $149 per head by improving quality and $113 to $150 per head by adding weight.

Tipo: Journal Article

Palavras-chave: Beef; Cattle; Carcass; Quality; Coefficients of separate determination; Incentives; Market signals; Value-based marketing; Livestock Production/Industries; Marketing; Q11; Q13.

Ano: 2006

URL: http://purl.umn.edu/43750

Positive Market Effects from a Meatpacking Plant Opening: Perceptions and Reality

Hornung, Jonathan T.; Ward, Clement E..

Economic theory suggests that adding a competitive buyer to a market should have positive effects on competition and prices, ceteris paribus. An additional buyer increases market demand, shifting demand to the right, and expands the number of active buyers, reducing average market shares of existing buyers while intensifying bidding competition. Whether or not these positive impacts occur in reality is an empirical question. The largest pork processor in Canada, Maple Leaf Foods Inc., opened a 45,000 head/week hog processing facility in August 1999 in Brandon, Manitoba. The plant opened during a period of expanding hog production in Canada, of increasing hog exports to the United States, and of increasingly tight processing capacity in the United States...

Tipo: Journal Article

Palavras-chave: Agribusiness; Demand and Price Analysis.

Ano: 2005

URL: http://purl.umn.edu/46022

Factors Affecting Adoption of Cow-Calf Production Practices in Oklahoma

Ward, Clement E.; Vestal, Mallory K.; Doye, Damona G.; Lalman, David L..

Most technology adoption research has focused on crops. Primary data were used to determine differences in management practices among two groups of Oklahoma cow-calf producers based on herd size and cattle income dependence. Significant differences were noted between two groups of producers (smaller operations with less dependence on cattle versus larger with more dependence on cattle) in 79% of the management practices examined. Logit models determined factors influencing the probability of adopting 17 recommended practices. Important factors included the firm goal to choose practices that reduce labor, income dependence on cattle, human capital, and size of operation.

Tipo: Journal Article

Palavras-chave: Cattle; Cow-calf; Livestock; Management practices; Technology adoption; Agribusiness; Demand and Price Analysis; Livestock Production/Industries; Productivity Analysis; D21; Q12; Q16.

Ano: 2008

URL: http://purl.umn.edu/47263

EXPERIMENTAL SIMULATION OF PUBLIC INFORMATION IMPACTS ON PRICE DISCOVERY AND MARKETING EFFICIENCY IN THE FED CATTLE MARKET

Anderson, John D.; Ward, Clement E.; Koontz, Stephen R.; Peel, Derrell S.; Trapp, James N..

Federal budgetary pressures raise questions regarding the importance of public market information. This study assesses the impact of price discovery and production efficiency of reducing public price and quantity information. The amount and type of information provided to Fed Cattle Market Simulator (FCMS) participants was varied by periodically withholding current and weekly summary information according to a predetermined experimental design. Results show that reducing information increased price variance and decreased marketing efficiency; that is, more cattle were delivered at weights deviating from 1,150 pounds- the least-cost marketing weight in the simulator. These factors, which increase costs, make the industry less competitive.

Tipo: Journal Article

Palavras-chave: Demand and Price Analysis; Marketing.

Ano: 1998

URL: http://purl.umn.edu/31170

COMPARATIVE ANALYSIS OF SLAUGHTER LAMB PRICES

Data on weekly summaries of slaughter lamb sales in 1996 were analyzed to determine price differences for factors affecting lamb prices. Models were compared with a 1991 study and across regions. Demand and supply variables were found important as well as marketing methods, sale lot sizes, seasonal and regional variables.

Preferential Cattle and Hog Pricing by Packers: Evidence from Mandatory Price Reports

Palavras-chave: Livestock Production/Industries.

Ano: 1999

URL: http://purl.umn.edu/35709

Preferential pricing was one of several concerns leading to mandatory price reporting. Seven years of “new” data from mandatory reports are examined to determine if evidence exists of preferential pricing by packers for fed cattle and slaughter hogs. Weekly data show some alternative marketing methods track closer to cash market prices than others. Some differences can be explained, while others are not as clear. Evidence was found that cash prices lead prices for alternative marketing methods on rising markets but trail them on declining markets.

Price Effects from an Anticipated Meatpacking Plant Opening and Unexpected Plant Closing

Palavras-chave: Alternative marketing arrangements; Cattle; Hogs; Marketing; Meatpacking procurement; Price discovery; Pricing; Livestock Production/Industries; Marketing.

Ano: 2008

URL: http://purl.umn.edu/37989

Ward, Clement E.; Hornung, Jonathan T..

Livestock producers primarily, but policy makers also, have an interest in market effects from meatpacking plant closings and openings. This article presents results from a study to determine price impacts from an anticipated hog slaughtering plant opening and an unexpected fed cattle slaughtering plant closing. The estimated price effects for each plant event were modeled with price difference and partial adjustment models. The plant opening resulted in higher absolute and relative hog prices in the Provincial market where the plant was located. However, adverse price impacts from the fed cattle plant closing were less evident.

Tipo: Journal Article

Palavras-chave: Buyer competition; Fed cattle; Hogs; Livestock prices; Market dynamics; Meatpacking; Demand and Price Analysis.

Ano: 2005

URL: http://purl.umn.edu/30983

ECONOMIC ANALYSIS OF ALFALFA INTEGRATED MANAGEMENT PRACTICES

Ward, Clement E.; Dowdy, Alan K.; Berberet, Richard C.; Stritzke, Jimmie F..

Integrated pest management (IMP) initially focused on insect pest control. More recently, IPM encompasses a broader concept of management, one which crosses several disciplinary boundaries. This article reports results of research dealing with four integrated management decisions for alfalfa (cultivar selection, inset control, weed control, and end-of-season harvest options.

Tipo: Journal Article

Palavras-chave: Crop Production/Industries.

Ano: 1990

URL: http://purl.umn.edu/29996

Feedlot and Packer Pricing Behavior: Implications for Competition Research

Seldom are observed losing bids available in industry data. A special workshop of the Fed Cattle Market Simulator was designed to capture bids for each pen of cattle traded. Data enabled identifying buyer and seller behavior in the price discovery process, both before and after imposed mergers of the two largest and two smallest packer teams. Highest losing bids also were estimated with packer bid functions and compared with observed highest losing bids. An estimated price discovery model indicated market structure as measured by number of buyers was more important than simply the number of bids or size of transactions.

Impacts from Government Regulations on the Canadian-U.S. Basis for Fed Cattle

Palavras-chave: Buyer behavior; Competition; Fed cattle; Marketing; Pricing; Seller behavior; Livestock Production/Industries.

Ano: 2007

URL: http://purl.umn.edu/7365

Ward, Clement E.; Schroeder, Ted C.; Schulz, Lee L..

Replaced with revised version of paper 09/01/09.

Surveying the Feasibility of a Voluntary Beef Checkoff

Palavras-chave: Canada; Fed Cattle; Government Policy; International Trade; Prices; U.S.; Livestock Production/Industries; Marketing; Q13; Q17; Q18.

Ano: 2009

URL: http://purl.umn.edu/49327

Winn, Chris; Norwood, F. Bailey; Chung, Chanjin; Ward, Clement E..

With the possible elimination of the mandatory beef checkoff, some state are considering a voluntary beef checkoff. This study conducts a choice experiment to estimate the feasibility of a state and nationwide voluntary checkoff. Results indicate that a lower fee and a greater focus on advertising may produce a feasible voluntary checkoff.

Relationships among Prices across Alternative Marketing Arrangements for Fed Cattle and Hogs

Palavras-chave: Marketing.

Ano: 2004

URL: http://purl.umn.edu/20385

Lee, Yoonsuk; Ward, Clement E.; Brorsen, B. Wade.

Reduced reliance on cash market prices for fed cattle and hogs raise questions about the role of cash prices in price discovery. We use seven years of weekly data from mandatory price reports to determine whether or not cash market prices are cointegrated with other procurement prices and then test for causality among the price series. Cash prices were cointegrated with all but one procurement price series. Cash market prices Granger cause all other procurement prices. Bidirectional causality was found in some but not all cases. Thus, cash market prices remain of central importance in price discovery for fed cattle and hogs.

What Are the Consequences of United States Government Slaughter Policies on Horse Prices?

Palavras-chave: Cattle; Cointegration; Causality; Hogs; Johansen; Marketing; Prices; Stock-Watson; Vector error correction; Livestock Production/Industries; Marketing; Q13(of Q18).

Ano: 2010

URL: http://purl.umn.edu/56282