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The influence of weight and fat on lamb prices revisited AgEcon
Hufton, Charlie; Griffith, Garry R.; Mullen, John D..
Previous research has found inconsistencies in the valuation of weight and fat characteristics of lamb carcasses between the saleyard and wholesale markets. In this paper, recent New South Wales saleyard and wholesale price data on different classes of lamb are analysed using hedonic methods to determine the relative influence of weight and fat on prices received. Fat score 2 lambs are heavily discounted relative to fat score 3 lambs, and there are significant seasonal price differentials, but there are no significant premiums or discounts for weight or other fat characteristics. These results hold for both the saleyard and wholesale markets. The implication is that the efficiency of price discovery in the Australian lamb market has improved a little in...
Tipo: Conference Paper or Presentation Palavras-chave: Lamb; Marketing; Hedonic models; Carcass characteristics; Demand and Price Analysis; Livestock Production/Industries; Marketing.
Ano: 2008 URL: http://purl.umn.edu/6021
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