| This study has attempted to identify determinants of cattle price per kilogram live weight using a log-linear regression model. The estimated model explains about 48% of the variation in market prices of cattle. Price per kilogram live weight of cattle increases with animal characteristics such as age, live weight and grade. Type of sellers, buyers' purposes, festivals, time of transaction and a time trend are also important variables in affecting cattle prices. Farmers tend to sell their animals at price discounts as compared to trader sellers. Cattle sellers suffer from price discounts in selling to buyers with business purposes in comparison to selling to ultimate consumers. Sellers tend to benefit from animal sales during festivals, as they tend to... |
