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| Registros recuperados: 24 | |
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| Parcell, Joseph L.; Mintert, James R.; Plain, Ronald L.. |
| An inverse live hog demand model was estimated to analyze claims that the live hog own quantity demand flexibility's magnitude has increased in recent years. A second objective of this research was to estimate the impact changes in processing capacity utilization rates have on live hog prices. Results indicate that in recent years live hog prices have become more responsive to changes in hog slaughter, slaughter weight, and cold storage stocks. Additionally, changes in processing capacity utilization rates, at times, also have a relatively large impact on live hog prices. Finally, when the large live hog price decline that occurred during the fall of 1998 is examined, model results indicate that the sharp increase in processor's capacity utilization... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Demand and Price Analysis; Livestock Production/Industries. |
| Ano: 2002 |
URL: http://purl.umn.edu/26042 |
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| Parcell, Joseph L.; Mintert, James R.; Plain, Ronald L.. |
| An inverse live hog demand model was estimated to analyze claims that the live hog own quantity demand flexibility's magnitude has increased in recent years. A second objective of this research was to estimate the impact changes in processing capacity utilization rates have on live hog prices. Iowa - Southern Minnesota barrow and gilt price was modeled as a function of average daily hog slaughter, a processing capacity utilization ratio, an index of processing and marketing costs, a retail demand shift index, pork cold storage stocks, and monthly binary variables. Results indicate that in recent years live hog prices have become more responsive to changes in hog slaughter. Additionally, changes in processing capacity utilization rates, at times, also have... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Live Hog Demand; Structural Change; Capacity Utilization; Demand and Price Analysis; Livestock Production/Industries. |
| Ano: 2000 |
URL: http://purl.umn.edu/18939 |
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| Parcell, Joseph L.; Mintert, James R.; Plain, Ronald L.. |
| An inverse live-hog model was estimated to analyze whether there has been a recent increase in the magnitude of live-hog, own-quantity demand flexibility. Estimating the impact of processing capacity-utilization rate changes on live-hog prices was a second objective of this research. Results indicate that live hog prices have become more responsive to changes in hog slaughter, slaughter weight, cold storage stocks, and changes in the processing capacity-utilization rate. Finally, model results indicate that the sharp increase in processing capacity-utilization rates, the increase in average dressed weight, and the increase in hog slaughter all had a negative effect on the live-hog prices. |
| Tipo: Journal Article |
Palavras-chave: Capacity utilization; Live hog demand; Structural change; Q11; Q12; Q13; D40. |
| Ano: 2004 |
URL: http://purl.umn.edu/43476 |
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| 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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| Tonsor, Glynn T.; Khuyvetter, Kevin C.; Mintert, James R.. |
| The ability to accurately forecast basis is crucial to risk management strategies employed by many agribusiness firms. Previous research has examined how to effectively use basis forecasts and what factors affect basis, but literature focusing on forecasting basis is sparse. This research evaluates the impact of adopting a time-to-expiration approach, as compared to the more common calendar approach, when forecasting feeder cattle, live cattle, and hog basis. Furthermore, the optimal number of past year's basis levels to include in making basis predictions is evaluated in an out-of-sample framework. Absolute basis forecasts errors are generated for all three commodities and evaluated to determine the signifcance of the two issues mentioned above.... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Livestock prices; Basis; Hedging; Basis forecasts; Livestock Production/Industries; Marketing. |
| Ano: 2003 |
URL: http://purl.umn.edu/18978 |
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| 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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| 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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| Schroeder, Ted C.; Mintert, James R.; Brazle, Frank; Grunewald, Orlen C.. |
| Feeder cattle prices are determined by the interaction of many factors. This study uses 1986 and 1987 Kansas feeder cattle auction data to investigate the impact of a wide variety of physical characteristics, many of which have not been used in previous studies on feeder cattle prices. Unlike previous studies, this analysis explicitly incorporates changes in feeder cattle market fundamentals during the data collection period and also allows price differentials to vary by sex and weight. Weight, weight-squared, lot size, lot size-squared, health, muscling, frame size, condition, fill, breed, presence of horns, and time of sale are significant factors affecting feeder cattle prices on any given day. Several physical traits also exhibit different seasonal... |
| Tipo: Journal Article |
Palavras-chave: Demand and Price Analysis; Livestock Production/Industries. |
| Ano: 1988 |
URL: http://purl.umn.edu/32161 |
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| Shroeder, Ted C.; Mintert, James R.. |
| Recent changes in the feeder cattle futures contract specifications are expected to reduce hedging risk and may result in changes in optimal hedging levels. This study provides an estimate of feeder cattle hedge ratios associated with the new cash-settled feeder cattle futures contract and compares the levels of hedging risk present under the cash settled contract with the physical delivery contract. Hedging risks are compared for several weights of feeder steers and heifers and are analyzed across four market locations. Results indicate that hedging risk is generally, though not always, lower with cash settlement than under the physical delivery contract specifications. |
| Tipo: Journal Article |
Palavras-chave: Livestock Production/Industries; Marketing. |
| Ano: 1988 |
URL: http://purl.umn.edu/32119 |
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| Tonsor, Glynn T.; Dhuyvetter, Kevin C.; Mintert, James R.. |
| Successful risk management strategies for agribusiness firms based on futures and options contracts are contingent on their ability to accurately forecast basis. This research addresses three primary questions as they relate to basis forecasting accuracy: (a) What is the impact of adopting a time-to-expiration approach, as compared to the more common calendar-date approach? (b) What is the optimal number of years to include in calculations when forecasting livestock basis using historical averages? and (c) What is the effect of incorporating current basis information into a historical-average-based forecast? Results indicate that use of the time-to-expiration approach has little impact on forecast accuracy compared to using a simple calendar approach, but... |
| Tipo: Journal Article |
Palavras-chave: Basis; Basis forecasts; Cattle prices; Current information; Hedging; Livestock Production/Industries. |
| Ano: 2004 |
URL: http://purl.umn.edu/31115 |
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| Jones, Rodney D.; Schroeder, Ted C.; Mintert, James R.; Brazle, Frank. |
| Quality factors affecting fed cattle prices were examined during a six-month period in southwestern Kansas. Transaction prices were significantly affected by the percentage of cattle expected to grade choice times the choice-to-select carcass price spread, finish uniformity, average weight, dressing percentage, breed, number of cattle purchased by a single packer on a given day, the packer, the feedyard, the day-of-the-week the cattle were sold, and the number of bids received. Asking prices were significantly affected by many of the same factors. Asking and transaction prices reflected approximately 25 percent of the packer value differentials for expected carcass quality grades. |
| Tipo: Journal Article |
Palavras-chave: Demand and Price Analysis. |
| Ano: 1992 |
URL: http://purl.umn.edu/29636 |
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| Registros recuperados: 24 | |
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