Sabiia Seb
PortuguêsEspañolEnglish
Embrapa
        Busca avançada

Botão Atualizar


Botão Atualizar

Ordenar por: 

RelevânciaAutorTítuloAnoImprime registros no formato resumido
Registros recuperados: 13
Primeira ... 1 ... Última
Imagem não selecionada

Imprime registro no formato completo
Market Valuation of Preconditioning Feeder Calves AgEcon
Avent, R. Keith; Ward, Clement E.; Lalman, David L..
Preconditioning calf programs, while not new, are becoming more prevalent. They provide benefits to cow-calf producers while adding value for feeder cattle buyers. However, questions remain regarding the economic costs and returns of such programs. A model was estimated with data from three consecutive-day sales, to determine the value that buyers place on preconditioning programs and related feeder cattle traits. Our results indicate that price premiums, although evident, appear to be insufficient by themselves to cover the marginal costs of preconditioning.
Tipo: Journal Article Palavras-chave: Animal health; Feeder cattle; Hedonic model; Marketing; Preconditioning; Prices; Value-added; Q13; Q12; Q11; C23.
Ano: 2004 URL: http://purl.umn.edu/42894
Imagem não selecionada

Imprime registro no formato completo
Live and Feeder Cattle Options Markets: Returns, Risk, and Volatility Forecasting AgEcon
Brittain, Lee; Garcia, Philip; Irwin, Scott H..
The paper examines empirical returns from holding thirty- and ninety-day call and put positions, and the forecasting performance of implied volatility in the live and feeder cattle options markets. In both markets, implied volatility is an upwardly biased and inefficient predictor of realized volatility, with bias most prominent in live cattle. While significant returns exist holding several market positions, most strategies are strongly affected by a drift in futures market prices. However, the returns from selling live cattle puts are persistent, and evidence from straddle returns identifies that the market overprices volatility. This overpricing is consistent with a short-term risk premium whose effect is magnified by extreme changes in market conditions.
Tipo: Conference Paper or Presentation Palavras-chave: Live cattle; Feeder cattle; Options; Returns; Risk; Volatility forecasting; Agribusiness; Agricultural and Food Policy; Agricultural Finance; Community/Rural/Urban Development; Farm Management; Financial Economics; Livestock Production/Industries; Marketing; Research Methods/ Statistical Methods.
Ano: 2009 URL: http://purl.umn.edu/53038
Imagem não selecionada

Imprime registro no formato completo
Determinants of Price Differentials in Oklahoma Value-Added Feeder Cattle Auctions AgEcon
Williams, Galen S.; Raper, Kellie Curry; DeVuyst, Eric A.; Peel, Derrell S.; McKinney, Doug.
Many value-added practices cannot be observed by feeder cattle buyers. Third-party verification can decrease market inefficiency associated with this asymmetric information. We evaluate the effectiveness of a verification program, the Oklahoma Quality Beef Network, in increasing received prices. We estimate the value of verification, weaning, vaccinating, certification and phenotypic traits of feeder cattle at Oklahoma auctions. Results indicate that the OQBN program adds $2.39 to $5.74/cwt. Vaccinating calves adds $1.44/cwt, and weaning calves adds $2.05/cwt. Differential values for lot size, average weight, hide color, frame size, conditioning, Brahman influence, gender and other characteristics are also reported.
Tipo: Article Palavras-chave: Feeder cattle; Preconditioning; Value-added marketing; Agribusiness; Demand and Price Analysis; Livestock Production/Industries.
Ano: 2012 URL: http://purl.umn.edu/122309
Imagem não selecionada

Imprime registro no formato completo
THE DYNAMICS OF FEEDER CATTLE MARKET RESPONSES TO CORN PRICE CHANGE AgEcon
Anderson, John D.; Trapp, James N..
A feeder-calf price model is estimated which incorporates elements of break-even budget analysis, including estimates of placement weights, slaughter weights, ration cost, and feed-conversion rates. From this model, a corn price multiplier is calculated which quantifies the corn/feeder-calf price relationship. Because the multiplier includes information on cattle weight, feed conversion, and ration cost, it also provides insight into how feeding programs are altered in response to corn price changes. Changes in feeding programs which occur in response to corn price changes are illustrated with dynamic simulation based on weight, ration cost, and price models presented here.
Tipo: Journal Article Palavras-chave: Corn; Corn price multiplier; Dynamic simulation; Feeder cattle; Demand and Price Analysis.
Ano: 2000 URL: http://purl.umn.edu/15311
Imagem não selecionada

Imprime registro no formato completo
PRICE PREMIUMS FROM A CERTIFIED FEEDER CALF PRECONDITIONING PROGRAM AgEcon
Ward, Clement E.; Lalman, David L..
Preconditioning calf programs, while not new, are becoming more prevalent. They provide benefits to cow-calf producers while adding value for feeder cattle buyers. However, questions remain regarding the marginal returns from marketing preconditioned calves exceeds the marginal costs for preconditioning. This paper reports estimates from two models to determine the premium paid by feeder cattle buyers for preconditioned calves in the Oklahoma Quality Beef Network (OQBN) program. One model assumes feeder calf characteristics are independent as most previous research. The other assumes interdependency between several characteristics that are affected by preconditioning. Data were from seven feeder calf sales in Oklahoma in 2001 and another seven sales in...
Tipo: Conference Paper or Presentation Palavras-chave: Animal health; Feeder cattle; Hedonic models; Marketing; Preconditioning; Prices; Value-added; Demand and Price Analysis; Livestock Production/Industries.
Ano: 2003 URL: http://purl.umn.edu/18973
Imagem não selecionada

Imprime registro no formato completo
Factor Price Disparity and Retained Ownership of Feeder Cattle: An Application of Feedlot and Carcass Performance Data to Farm-Level Decision Making AgEcon
White, Brad J.; Anderson, John D.; McKinley, W. Blair; Parish, Jane.
In this study, we used farm-level data from a university feed-out program to evaluate how the value of feeder cattle ultimately realized through finishing and grid pricing differs from their market value at public auction. Consistent with the theory of factor price disparity results indicate that significant risk premiums exist in the feeder cattle market. Producers of cattle with known feedlot performance, carcass potential, or both might be better off retaining ownership of their calves or marketing them in a way that communicates the information that is known about their potential performance directly to the buyer.
Tipo: Journal Article Palavras-chave: Factor price disparity; Feeder cattle; Grid pricing; Farm Management; Livestock Production/Industries; Q11; Q12; Q13.
Ano: 2007 URL: http://purl.umn.edu/6657
Imagem não selecionada

Imprime registro no formato completo
Opportunities and Constraints to Expanding Value-added Beef Production in the Northern Great Plains AgEcon
Hodur, Nancy M.; Leistritz, F. Larry; Nudell, Daniel J.; Clark, Clint; Griffith, Duane; Jensen, Tammie.
Ruminant livestock production in North Dakota, South Dakota, Montana, and Wyoming is critical to the region's economy. Because of the economic significance of ruminant livestock production, producers in the four-state area are continually looking for opportunities to increase income and improve the viability of their farm and ranch operation. Accordingly, the Four-state Ruminant Consortium, an integrated research and extension program, was created to specifically address issues related to ruminant livestock production. The purpose of the Four-State Ruminant Consortium is to enhance economic development in the target study area of southwestern North Dakota, northwestern South Dakota, southeastern Montana, and northeastern Wyoming by strengthening and...
Tipo: Report Palavras-chave: Backgrounding; Feeder cattle; Livestock Production/Industries.
Ano: 2007 URL: http://purl.umn.edu/7639
Imagem não selecionada

Imprime registro no formato completo
The Effects of Weather and Output Price Risk on the Economic Returns of Backgrounding Feeding Cattle AgEcon
Harrison, R. Wes.
Stochastic simulation is used to analyze the effects of weather and output price risks on feeder cattle backgrounding systems common to the mid-south region of the United States. The results show that backgrounding systems beginning in the fall and ending from April to late August are associated with higher expected returns relative to summer backgrounding. However, winter backgrounding is associated with greater overall risk relative to summer backgrounding. Stochastic dominance analysis indicated that slightly risk averse backgrounders prefer both winter and summer baskgrounding but summer backgrounding is preferred by strongly risk averse decision makers.
Tipo: Journal Article Palavras-chave: Feeder cattle; Weather risk; Price risk; Stochastic dominance; Agribusiness; Livestock Production/Industries; Productivity Analysis.
Ano: 1997 URL: http://purl.umn.edu/90425
Imagem não selecionada

Imprime registro no formato completo
Derived Demand for Cattle Feeding Inputs AgEcon
Mathews, Kenneth H., Jr.; Arnade, Carlos Anthony; Jones, Keithly G..
Derived demand relationships among four weight categories of feeder cattle entering Texas feedlots and their feed consumed are examined using a generalized McFadden dual cost function. Results demonstrate systematic differences in demand relationships among different weight categories. Positive cross-price elasticities among the three heaviest weight categories are consistent with input substitution among weight categories and consistent with objective functions associated with optimal placement weight. Anomalies in the form of negative cross-price elasticities between weight categories provide evidence for an alternative objective function associated with longer term feeding of light-weight feeder cattle. Results also demonstrate seasonality differences...
Tipo: Journal Article Palavras-chave: Cattle feeding; Derived demand; Elasticity; Feeder cattle; Generalized McFadden cost function; Agribusiness; Demand and Price Analysis; Livestock Production/Industries.
Ano: 2008 URL: http://purl.umn.edu/90552
Imagem não selecionada

Imprime registro no formato completo
SPATIAL ANALYSIS OF FEEDER CATTLE HEDGING RISK AgEcon
Coffey, Brian K.; Anderson, John D.; Parcell, Joseph L..
Optimal hedge ratios are estimated for various weights of feeder cattle in four cash markets based on CME data from 1992 to 1999. Three-month uniform hedges are simulated for every weight, contract, and cash market combination. Hedging effectiveness is compared empirically across locations to identify spatial differences in hedging risk.
Tipo: Conference Paper or Presentation Palavras-chave: Feeder cattle; Hedging risk; Hedge ratios; Livestock Production/Industries; Risk and Uncertainty.
Ano: 2002 URL: http://purl.umn.edu/36586
Imagem não selecionada

Imprime registro no formato completo
Live and Feeder Cattle Options Markets: Returns, Risk, and Volatility Forecasting AgEcon
Brittain, Lee; Garcia, Philip; Irwin, Scott H..
This paper examines returns from holding 30- and 90-day call and put positions, and the forecasting performance of implied volatility in the live and feeder cattle options markets. Implied volatility is an upwardly biased and inefficient predictor of realized volatility, with bias most pronounced in live cattle. While significant returns exist from several positions, strategies are strongly affected by drifts in futures prices. However, returns from live cattle puts are persistent, and evidence from 30-day straddle returns indicates the live cattle market overprices volatility. Overpricing is consistent with volatility risk, the effect of which is magnified by extreme market conditions.
Tipo: Journal Article Palavras-chave: Feeder cattle; Live cattle; Options; Returns; Risk; Volatility forecasting; Livestock Production/Industries; Risk and Uncertainty.
Ano: 2011 URL: http://purl.umn.edu/105515
Imagem não selecionada

Imprime registro no formato completo
Pass-Through in United States Beef Cattle Prices AgEcon
Zhao, Huan; Du, Xiaodong; Hennessy, David A..
Feeder cattle are fattened to become fed live cattle six months later. The U.S. feeder cattle industry is intensively competitive, so that market efficiency suggests feeder cattle prices should fully reflect feed prices and information on future fed cattle prices. Employing a long time series (1979-2004) of feeder cattle futures, live cattle futures, and local corn prices, we test whether complete pass-through occurs. The results indicate that an increase of a dollar per hundred pounds in the live cattle price leads to an increase of approximately $1.48 per hundred pounds in the feeder cattle price in one month, about 93% of complete pass-through. The corresponding negative effect of a corn price increase is about 87% of complete pass-through. By contrast...
Tipo: Working or Discussion Paper Palavras-chave: Feeder cattle; Futures market efficiency; Live cattle; Structural change.; Institutional and Behavioral Economics; Livestock Production/Industries; Marketing; Production Economics.
Ano: 2009 URL: http://purl.umn.edu/52085
Imagem não selecionada

Imprime registro no formato completo
Improving Feeder Cattle Basis Forecasts AgEcon
Dhuyvetter, Kevin C.; Swanser, Kole; Kastens, Terry L.; Mintert, James R.; Crosby, Brett.
Forecasting feeder cattle basis has long been difficult because of the myriad factors that influence basis, including input and output prices and lot characteristics. This research draws upon knowledge of the various factors that influence cash feeder cattle prices to develop hedonic feeder cattle basis models. Out-of-sample test results provide strong evidence that these hedonic models predict basis more accurately than the multi-year average forecasting approach commonly used by livestock producers. Results from this research were used to develop a web tool funded by USDA's Risk Management Agency (BeefBasis.com) that producers can use to forecast and understand feeder cattle basis.
Tipo: Conference Paper or Presentation Palavras-chave: Basis; Basis forecasts; Cattle prices; Feeder cattle; Hedging; Price risk management; Agricultural Finance; Demand and Price Analysis; Farm Management; Livestock Production/Industries; Marketing; Risk and Uncertainty.
Ano: 2008 URL: http://purl.umn.edu/42302
Registros recuperados: 13
Primeira ... 1 ... Última
 

Empresa Brasileira de Pesquisa Agropecuária - Embrapa
Todos os direitos reservados, conforme Lei n° 9.610
Política de Privacidade
Área restrita

Embrapa
Parque Estação Biológica - PqEB s/n°
Brasília, DF - Brasil - CEP 70770-901
Fone: (61) 3448-4433 - Fax: (61) 3448-4890 / 3448-4891 SAC: https://www.embrapa.br/fale-conosco

Valid HTML 4.01 Transitional