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Registros recuperados: 79
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ACCURACY OF GRID PRICING: AN EVALUATION USING WHOLESALE VALUES OF FED CATTLE AgEcon
Kovanda, Joseph T.; Schroeder, Ted C.; Wheeler, Tommy L..
Grid pricing is one of the beef industry's answers to improving value coordination in fed cattle transactions. This paper constructs individual carcass-level grid and wholesale beef values. These values are used to evaluate the level of value communication that occurs between wholesale and grid values of beef. Furthermore, the values are used to estimate grid premiums/discounts that improve value communication. Results indicate that value coordination could be improved by modifying grid premiums/discounts.
Tipo: Conference Paper or Presentation Palavras-chave: Marketing.
Ano: 2004 URL: http://purl.umn.edu/19023
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AGRICULTURAL ECONOMISTS' EFFECTIVENESS IN REPORTING AND CONVEYING RESEARCH PROCEDURES AND RESULTS AgEcon
Parcell, Joseph L.; Kastens, Terry L.; Dhuyvetter, Kevin C.; Schroeder, Ted C..
This study reviews articles using regression analysis published in the Journal of Agricultural and Resource Economics from 1994 to 1998 to determine agricultural economists' effectiveness in reporting and conveying research procedures and results. Based on the authors' experience of surveying articles for this study, several suggestions for reporting of results and how to better separate statistical from economic significance are offered. First, clearly define the dependent variable- preferably in the results table as well as within the text. Second, report parameter estimates in an interpretable form either in the results table or in a subsequent table. Third, report summary statistics. Fourth, report degrees of freedom conspicuously in the results table....
Tipo: Journal Article Palavras-chave: Research Methods/ Statistical Methods.
Ano: 2000 URL: http://purl.umn.edu/31306
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ALLOCATION OF FARM FINANCIAL STRESS AMONG INCOME, LEVERAGE, AND INTEREST RATE COMPONENETS: A KANSAS EXAMPLE AgEcon
Featherstone, Allen M.; Schroeder, Ted C.; Burton, Robert O., Jr..
Suggested methods to reduce farm financial stress have included interest rate buy-downs and debt forgiveness. This study develops a method to estimate the proportion of individual farm financial stress attributable to an income problem, a leverage problem, and an interest rate problem. Of the Kansas Farm Management Association farms with a financial problem, 30 percent of the total financial problem is caused by an interest rate problem, 28 percent by a leverage problem, and 42 percent by an income problem. A reduction of leverage or interest rate to the level attained by the average nonstressed farms would make 31 percent and 32 percent of the stressed farms profitable, respectively. Therefore, in the short run, an interest rate buy-down or a debt...
Tipo: Journal Article Palavras-chave: Agricultural Finance.
Ano: 1988 URL: http://purl.umn.edu/29264
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ANALYSIS OF FACTORS AFFECTING COW AUCTION PRICE DIFFERENTIALS AgEcon
Mintert, James R.; Blair, Joanne; Schroeder, Ted C.; Brazle, Frank.
Data from Kansas cattle auctions were analyzed to estimate the impact a wide variety of physical characteristics had upon cow prices. Weight, lot size, health, pregnancy, grade, dressing percent, breed, time of sale, and market location were important factors affecting the differences in cow prices across lots on a given day. Results suggest that producers interested in maximizing the price they receive for their cows should market healthy cows in desirable lot sizes at higher dressing percentages.
Tipo: Journal Article Palavras-chave: Demand and Price Analysis.
Ano: 1990 URL: http://purl.umn.edu/30011
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ARE CATTLE ON FEED REPORT REVISIONS RANDOM AND DOES INDUSTRY ANTICIPATE THEM? AgEcon
Mills, Jeffrey B.; Schroeder, Ted C..
Cattle on Feed (COF) reports are an important source of beef supply information. This study investigates whether COF report revisions are unbiased, random, and anticipated. Initial COF reports are biased, but the bias is economically small. Revisions to COF estimates are not random. Market analysts do not correctly anticipate revisions.
Tipo: Conference Paper or Presentation Palavras-chave: Livestock Production/Industries.
Ano: 2002 URL: http://purl.umn.edu/36643
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CATTLE FEEDER BEHAVIOR AND FEEDER CATTLE PLACEMENTS AgEcon
Kastens, Terry L.; Schroeder, Ted C..
Cattle feeders appear irrational when they place cattle on feed when projected profit is negative. Long futures positions appear to offer superior returns to cattle feeding investment. Cattle feeder behavior suggests that they believe a downward bias in live cattle futures persists and that cattle feeders use different expectations than the live cattle futures market price when making placement decisions. This study examines feeder cattle placement determinants, comparing performance of expected hedgeable profit with past actual profit in explaining feeder cattle placements. Past actual profit is a more important placement determinant than expected profit based upon the live cattle futures market, even though hedgeable profit provides a superior forecast...
Tipo: Journal Article Palavras-chave: Livestock Production/Industries.
Ano: 1994 URL: http://purl.umn.edu/30754
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CATTLE FEEDER PERCEPTIONS OF LIVESTOCK MANDATORY PRICE REPORTING AgEcon
Grunewald, Sarah; Schroeder, Ted C.; Ward, Clement E..
Because of the significant investment in the mandatory price reporting program (MPR) by the USDA and by packers, it is important to understand what producers believe about its effectiveness. This study reports results from a survey of feedyards located primarily in Kansas, Nebraska, Texas, and Iowa. Results indicate a diversity of opinion regarding MPR effectiveness. On average producers are neutral to negative regarding the value of MPR to them. Interestingly, feedlot characteristics appear to have little systematic relationship to the manager's perceptions regarding the usefulness of MPR.
Tipo: Conference Paper or Presentation Palavras-chave: Livestock Production/Industries.
Ano: 2002 URL: http://purl.umn.edu/19056
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Churning Out the Links: Vertical Integration in the Beef and Pork Industries AgEcon
Hayenga, Marvin L.; Schroeder, Ted C.; Lawrence, John D..
Tipo: Journal Article Palavras-chave: Industrial Organization; Livestock Production/Industries.
Ano: 2002 URL: http://purl.umn.edu/93760
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Consumer Responses to New Food Quality Information: Are Some Consumers More Sensitive than Others AgEcon
Gao, Zhifeng; Schroeder, Ted C..
In the main approaches used to elicit consumer preference for food attributes, only limited attribute information are present. Though useful for ranking and revealing consumer preferences, these methods are not appropriate when results may be dependent upon the information set presented in the surveys. Studies have found out that additional quality information in surveys significantly affected respondents’ attitudes to or WTP for a specific product attributes. By using cluster analysis we are able to classify respondents into different consumer groups and investigate the difference in responses to new attribute information across consumer groups. Results show that different types of consumer’s WTP for beef steak attributes varies significantly and their...
Tipo: Conference Paper or Presentation Palavras-chave: Food Attribute; Willingness-to-Pay; Choice Experiment; Cluster Analysis; Consumer/Household Economics; Food Consumption/Nutrition/Food Safety.
Ano: 2008 URL: http://purl.umn.edu/6168
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Consumers Valuations and Choice Processes of Food Safety Enhancement Attributes: An International Study of Beef Consumers AgEcon
Tonsor, Glynn T.; Schroeder, Ted C.; Pennings, Joost M.E.; Mintert, James R..
Food safety concerns have had dramatic impacts on food and livestock markets in recent years. Here we examine consumer preferences for various beef food safety assurances. In particular, we evaluate the extent to which such preferences are heterogeneous within and across country-of-residence defined groups and examine the distributional nature of these preferences with respect to marginal improvements in food safety. We collected data from over 4,000 U.S., Canada, Japan, and Mexican consumers. Using mixed logit models we find that Japanese and Mexican consumers have WTP preferences that are nonlinear in the level of food safety risk reduction. Conversely, U.S .and Canadian consumers appear to possess linear preferences. These results suggest that optimal...
Tipo: Conference Paper or Presentation Palavras-chave: Consumer beef preference; Food safety; Investment decision; Mixed logit; Willingness-to-pay; Demand and Price Analysis; Food Consumption/Nutrition/Food Safety.
Ano: 2007 URL: http://purl.umn.edu/9976
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Country-of-Origin Labeling for Uruguayan Beef AgEcon
Perez, Lautaro; Boland, Michael A.; Schroeder, Ted C..
The objective of this research is to identify Chilean consumer attitudes towards COO (Country-of-Origin) labeling, determine the importance of COO, and identify consumers who are most likely to buy COO-labeled beef products from Uruguay. The results suggest that age, number of children at home, whether the interviewee was the primary person responsible for meal selection, and whether interviewees purchased beef from different countries were significant determinants of whether a Chilean interviewee regarded COO as important. Age, income level, beef purchase frequency, and homemaker were significant determinants of whether an interviewee would purchase COO-labeled beef from Uruguay. These results suggest that COO is not a particularly important variable to...
Tipo: Journal Article Palavras-chave: Food Consumption/Nutrition/Food Safety.
Ano: 2003 URL: http://purl.umn.edu/34383
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Cow-Calf Producer Risk Preference Impacts on Retained Ownership Strategies AgEcon
Pope, Kelsey Frasier; Schroeder, Ted C.; Langemeier, Michael R.; Herbel, Kevin L..
Considerable efforts have been made to provide cow-calf producers with information to help them make informed decisions about adding value to calves. Despite demonstrated market incentives to retain calves, many producers still sell right after weaning. We postulate this observed behavior is related to producer risk aversion. Our study concludes risk aversion is an important factor affecting calf retention as the most risk-averse producers have more than a 60% probability of selling calves at weaning and the most risk tolerant have less than a 20% probability of selling at weaning.
Tipo: Journal Article Palavras-chave: Cow-calf producers; Ordered probit; Retained ownership; Risk aversion; Farm Management; Marketing; Q13; C25; D18.
Ano: 2011 URL: http://purl.umn.edu/117953
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Determinants of Beef and Pork Brand Equity AgEcon
Parcell, Joseph L.; Schroeder, Ted C..
Tipo: Working or Discussion Paper Palavras-chave: Brand Equity; Pork; Beef; Hedonic Modeling; Livestock Production/Industries; Marketing.
Ano: 2003 URL: http://purl.umn.edu/92884
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Determinants of Beef and Pork Brand Equity AgEcon
Parcell, Joseph L.; Schroeder, Ted C..
A set of consumer-level characteristic demand models were estimated to determine the level of brand equity for pork and beef meat cuts. Results indicate that brand premiums and discounts vary by private, national, and store brands; and brand equity varies across meat cuts carrying the same brand name. Other results are that product size discounts are linear, meat items on sale are significantly discounted to non-sale items, specialty stores typically do not garner higher prices than supermarket/grocery store, and warehouse/super center stores typically premium price to supermarket/ grocery store.
Tipo: Conference Paper or Presentation Palavras-chave: Demand and Price Analysis.
Ano: 2003 URL: http://purl.umn.edu/18988
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Determinants of Cattle Feeding Profit and Cost of Gain Variability AgEcon
Schroeder, Ted C.; Albright, Martin L.; Langemeier, Michael R.; Mintert, James R..
Cattle feeders face risks from fluctuating fed cattle, feeder cattle, and feed prices and cattle performance. Closeout data on 7293 pens of steers are studied to determine the relative impacts of prices and animal performance on cattle feeding profits and cost of gain. Results indicate the importance of managing price risk.
Tipo: Working or Discussion Paper Palavras-chave: Livestock Production/Industries.
Ano: 1993 URL: http://purl.umn.edu/118161
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DETERMINANTS OF CATTLE FINISHING PROFITABILITY AgEcon
Langemeier, Michael R.; Schroeder, Ted C.; Mintert, James R..
Data from a western Kansas feedlot were analyzed to estimate the quantitative impacts of price and performance variables on profits per head from finishing cattle. Sale prices, feeder prices, and corn prices had the most impact on profit variability over time. Differences in sale prices, feeder prices, and feed conversions were important in explaining the difference in steer and heifer profits over time. Results suggest that breakeven prices should be calculated for a range of fed cattle, feeder, and corn prices, and that these three variables need to be stochastic in representative farm modeling efforts.
Tipo: Journal Article Palavras-chave: Demand and Price Analysis.
Ano: 1992 URL: http://purl.umn.edu/29637
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DETERMINANTS OF COW-CALF PAIR PRICES AgEcon
Parcell, Joseph L.; Schroeder, Ted C.; Hiner, Frina D..
Cow-calf prices are determined by interaction of many factors. At a particular auction, cow-calf pair prices often had a range of 75% of the mean price. This variability suggests that producers need to be informed regarding cow-calf price determinants. This study uses auction data during 1993 to estimate price differentials associated with cow-calf pair characteristics using a hedonic model. Cow breed, age, health, conditions, horns, frame, and whether the cow had been bred back were significant price determinants. Calf weight, health, and frame had significant price impacts. Highest prices were paid for pens containing 9-12 pairs of young Angus, dehorned, bred back, healthy cows with heavy healthy calves.
Tipo: Journal Article Palavras-chave: Demand and Price Analysis.
Ano: 1995 URL: http://purl.umn.edu/30762
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DETERMINANTS OF FEEDER CATTLE PRICE-WEIGHT SLIDES AgEcon
Dhuyvetter, Kevin C.; Schroeder, Ted C..
Feeder cattle price-weight slides are analyzed using transactions data on 46,123 pens of feeder cattle over a 10-year period. Fed cattle futures prices and corn prices are important determinants of price-weight slides. Cattle producers can use this information when making sell timing decision, purchase decisions, and managing production.
Tipo: Conference Paper or Presentation Palavras-chave: Livestock Production/Industries.
Ano: 1999 URL: http://purl.umn.edu/35679
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DETERMINANTS OF PROFIT VARIABILITY IN FED CATTLE GRID PRICING AgEcon
McDonald, R. Allen; Schroeder, Ted C..
This study determines the relative impacts of price, cattle quality, and feeding performance factors on profit per head for fed cattle marketed via a grid structure. Two different data sets of cattle that were marketed in two different grid pricing systems are used in the analysis with comparisons of results made between grids. Grid base price and feeder cattle price are the most important determinants of profit over time in both grids. However, only considering non-price variables, the cumulative quality of cattle in a pen is the most important profit determinant followed by average daily gain in one grid and feed efficiency in the other.
Tipo: Conference Paper or Presentation Palavras-chave: Livestock Production/Industries.
Ano: 2000 URL: http://purl.umn.edu/36514
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DETERMINANTS OF PUREBRED BEEF BULL PRICE DIFFERENTIALS AgEcon
Dhuyvetter, Kevin C.; Schroeder, Ted C.; Simms, Danny D.; Bolze, Ronald P., Jr.; Geske, Jeremy.
Bulls are an important investment for commercial beef cattle producers since, over time, bulls introduce most of the new genetic attributes into typical beef cow herds. Therefore, heritable bull traits determine bull prices. Bulls possess a large number of traits to consider in pricing. In recent years, new measures of both qualities have been introduced in the form of expected progeny differences (EPDs). This study estimates market values associated with specific bull attributes, recently introduced EPDs, and bull sale marketing efforts. Important bull price determinants include bull color, polled, conformation, muscling, disposition, age, birth weight, weaning weight, milk EPD, birth and weaning weight EPDs, sale location, order bull was sold, whether...
Tipo: Journal Article Palavras-chave: Demand and Price Analysis.
Ano: 1996 URL: http://purl.umn.edu/31030
Registros recuperados: 79
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