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| Registros recuperados: 48 | |
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| May, Gary J.; Lawrence, John D.. |
| Traditional break-even/fed cattle price projections do not provide adequate risk information to feeders, investors, lenders, and other stakeholders interested in cattle feeding decisions. The objectives of this study were two-fold: 1) develop a spreadsheet model that could estimate the net income distribution surrounding a cattle placement decision based on historical errors of futures based price forecasts, and 2) determine whether information generated from the model can be used to improve placement and marketing decisions. To accomplish objective 1, model was developed that could estimate the income distribution around a pen of cattle under a cash speculating and short hedge pricing strategy. Distribution estimates were based on 7 alternative forecast... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Livestock Production/Industries; Marketing. |
| Ano: 2002 |
URL: http://purl.umn.edu/19067 |
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| Forristall, Cody; May, Gary J.; Lawrence, John D.. |
| The number of U.S. fed cattle marketed through a value based or grid marketing system is increasing dramatically. Most grids reward Choice or better quality grades and some pay premiums for red meat yield. The Choice-Select (C-S) price spread increased 55 percent, over $3/cwt between 1989-91 and 1999-01. However, there is a cost associated with pursuing these carcass premiums. This paper examines these tradeoffs both in the feedlot and in a retained ownership scenario. Correlations between carcass and performance traits resulted in economic tradeoffs that change across input costs and quality grade premiums and discounts. Feedlot profitability was largely determined by marbling, carcass weight, and feed efficiency. Carcass weight was most important at a... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Livestock Production/Industries; Marketing. |
| Ano: 2002 |
URL: http://purl.umn.edu/19060 |
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| Muth, Mary K.; Liu, Yanyan; Koontz, Stephen R.; Lawrence, John D.. |
| Information on typical differences in prices and price risk (as measured by the variances of prices) across marketing arrangements aids fed cattle producers in making choices about methods to use for selling fed cattle to beef packers. This information is also useful for policy discussions on merits and drawbacks of alternative marketing arrangements. As part of the congressionally mandated Livestock and Meat Marketing Study, we investigated differences in prices and price risk for fed cattle cash market and alternative marketing arrangements. The modeling approach, which is similar to a hedonic model, controls for differences in cattle quality and delivery month and accounts for the within- and across-week correlation in prices. The analysis uses a recent... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Alternative marketing arrangements; Fed cattle; Prices; Price volatility; Price risk; Hedonic. |
| Ano: 2007 |
URL: http://purl.umn.edu/37578 |
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| Lawrence, John D.; Ibarburu, Maro A.. |
| Cattle production is the largest single agricultural sector in the U.S. with cash receipts of $49.2 billion in 2005. Like the rest of agriculture cattle producers have adopted efficiency and quality improving technology to meet consumer demands for a safe, wholesome, and affordable food supply. This research uses meta analysis to combine over 170 research trials evaluating pharmaceutical technologies in the cow-calf, stocker, and feedlot segments of beef production. These results were used to estimate the farm level economic value of parasite control, growth promotant implants, sub-therapeutic antibiotics, ionophores, and beta agonists for the industry in 2005. The Food and Agriculture Policy Research Institute (FAPRI) model of U.S. agriculture was used to... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Cattle; Production cost; Growth promotants; Ionophores; Antibiotics; Parasite control; Beta-agonists. |
| Ano: 2007 |
URL: http://purl.umn.edu/37560 |
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| Ibarburu, Maro A.; Lawrence, John D.; Busby, Darrell. |
| Carcass data from more than 38,000 cattle was used to compare the called and measured yield grade in two different periods: before and after the slaughter plant incorporated another grader in the line to improve grading accuracy. The study shows that the graders accuracy significantly increased. The higher accuracy affected all yield grades, but most notably resulted in more called yield grade 4 and 5 carcasses. This analysis will develop insight of what will be the effect of instrument grading that will be more accurate than previously called grades.The results are expressed as the conditional distribution of the called yield grade for a given value of the measured yield grade. The pricing grid currently used by the industry was used to analyze the effect... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Cattle; Carcass grading; Accuracy; Economics of grading. |
| Ano: 2007 |
URL: http://purl.umn.edu/37558 |
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| Lawrence, John D.; Wang, Zhi; Loy, Daniel D.. |
| Conventional wisdom and earlier research have concluded that cattle feeding profitability is more determined by feeder and fed cattle prices than by animal performance. This study examined cross-sectional and time-series data from over 1600 pens of cattle in more than 220 feedlots in the upper Midwest where weather and lot conditions are thought to influence feedlot profitability. In addition to input and output prices and animal performance, other factors found to significantly impact cattle feeding profitability were sex, placement weight, facility design, and to a lesser extent placement season. |
| Tipo: Journal Article |
Palavras-chave: Cattle feedlots; Probability; Risk; Livestock Production/Industries. |
| Ano: 1999 |
URL: http://purl.umn.edu/15377 |
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| Lawrence, John D.; Yeboah, Godfred. |
| Source-verified (SV) feeder cattle auctions were held in Bloomfield, Iowa, each October, November, and December from 1997-2000. This study compares price data from these SV auctions to traditional auctions at the same location to determine whether a premium exists for SV feeder cattle. Hedonic pricing models were estimated to evaluate the price effects of lot characteristics, market forces, and type of market (SV versus regular sale). The SV cattle were sorted and pooled into large lots. The larger lot size, consistent with early research, earned large price premiums. After accounting for lot size, the SV premium for lighter cattle (< 650/600-pound steers/heifers) was estimated at $1.30/cwt, and was significant. The SV premium over and above lot size... |
| Tipo: Journal Article |
Palavras-chave: Auction; Cattle; Hedonic pricing model; Markets; Source-verified auction; Livestock Production/Industries. |
| Ano: 2002 |
URL: http://purl.umn.edu/14722 |
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| Registros recuperados: 48 | |
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