SABIIA - Sistema Aberto e Integrado de Informação em Agricultura (Sabiia)

Carlberg, Jared G.; Ward, Clement E..

The Fed Cattle Market Simulator (FCMS) was developed by a team of researchers at Oklahoma State University to aid in understanding the forces that influence price discovery in the fed cattle market. Participants in the FCMS play the role of feedlot marketing managers and packing plant procurement agents, and trade paper pens of cattle in the experimental market. Previous research with the FCMS has not attempted to capture the dynamic nature of the price discovery process; this paper uses a partial-adjustment approach to accomplish that goal. A mixed linear model is used to accommodate both fixed and random effects in the data. Results show that the transaction price adjusts only sixteen percent on a week-by-week basis to its desired level. As such,...

A Review of Causes for and Consequences of Economic Concentration in the U.S. Meatpacking Industry

Palavras-chave: Livestock Production/Industries.

Ano: 2001

URL: http://purl.umn.edu/20598

Alternative Theories and Empirical Approaches to Price Discovery: An Application to Fed Cattle

Clear and continuing changes in the structure of the U.S. meatpacking industry have significantly increased economic concentration since the mid-1970s. Concentration levels are among the highest of any industry in the United States, and well above levels generally considered to elicit non-competitive behavior and result in adverse economic performance, thereby triggering antitrust investigations and subsequent regulatory actions. Many agricultural economists and others deem this development paradoxical. While several civil antitrust lawsuits have been filed against the largest meatpacking firms, there have been no major antitrust decisions against those firms and there have been no significant federal government antitrust cases brought against the largest...

Tipo: Journal Article

Palavras-chave: Marketing.

Ano: 2002

URL: http://purl.umn.edu/45696

Carlberg, Jared G.; Ward, Clement E..

Price discovery is a frequent topic of research, but many times is not clearly defined and thus purported to cover a myriad of topics. This article provides two alternative theories as the basis for one line of price discovery research. Empirical models consistent with the two theories are estimated using a common data set. Empirical results differ as expected. This article evidences why the theoretical basis for an empirical model depends on clearly defining the objective(s) of the research.

Tipo: Journal Article

Palavras-chave: Derived demand; Fed cattle; Partial adjustment model; Price discovery; Q13; Q11; Q12; C51; C22.

Ano: 2003

URL: http://purl.umn.edu/43201

An Assessment of the Livestock Mandatory Reporting Act

Federal government funding for public price reporting began in 1914. Since then, most public market reporting for livestock and meat has relied on voluntary participation by market participants. Populist support in 1999 led to passage of the Livestock Mandatory Reporting Act which replaced the decades old voluntary reporting system with a mandatory system for livestock and meat. Questions were raised by policymakers and others in discussions of the Act's renewal as to effectiveness of the mandatory reporting system. This paper draws from available information to assess the Act's effectiveness since its initial implementation. Satisfaction or dissatisfaction with the Act depends on one's expectations for what the Act was to accomplish or problems the...

AN EMPIRICAL STUDY OF COMPETITION IN THE PRICE DISCOVERY PROCESS FOR SLAUGHTER LAMBS

Palavras-chave: Livestock Production/Industries; Marketing.

Ano: 2006

URL: http://purl.umn.edu/18998

Assessing Competition in the U.S. Beef Packing Industry

Buyer competition in the price discovery process for slaughter lambs at an Oklahoma teleauction was studied. Number of buyers positively influenced both absolute and relative sale prices but did not significantly affect buyer gross margins. Buyer market shares also affected prices paid and buyer gross margins. Thus, competition among buyers was found to be important in the price discovery process.

Tipo: Journal Article

Palavras-chave: Demand and Price Analysis; Livestock Production/Industries.

Ano: 1984

URL: http://purl.umn.edu/32367

ASYMMETRIC VALUE OF PRECONDITIONING PROGRAMS FOR FEEDER CATTLE

Tipo: Journal Article

Palavras-chave: Beef; Cattle; Competition; Concentration; Market structure; Meatpacking; Pricing; Agribusiness; Livestock Production/Industries; L13; Q13.

Ano: 2010

URL: http://purl.umn.edu/94758

Avent, R. Keith; Ward, Clement E.; Lalman, David L..

Preconditioning is not new but has received considerable attention in recent years. This research addresses two questions. Are buyers of preconditioned feeder calves paying a price premium close to the performance benefits expected from preconditioning? Is there information asymmetry in the value to the buyers compared with the premium they pay? Buyers paid a price premium but less than the expected performance gains. Thus, the hypothesis of asymmetry of information between buyers and sellers could not be confirmed.

Beef Cattle Production and Management Practices and Implications for Educators

Palavras-chave: Livestock Production/Industries.

Ano: 2002

URL: http://purl.umn.edu/36559

Vestal, Mallory K.; Ward, Clement E.; Doye, Damona G.; Lalman, David L..

Beef producers need to continually incorporate new information and adopt new technology to effectively manage production costs. Oklahoma State University began a Master Cattleman program with this need in mind. Understanding technology adoption by producers requires identifying current management practices. Data from a survey developed as part of the Master Cattleman program document current practices. Management practices were examined for two groups; producers with smaller herds who are less dependent on the beef enterprise for family income, and producers with larger herds who are more dependent on beef. Results clearly show that size and dependence on the beef enterprise matters when considering a broad spectrum of beef management practices.

Beef Packers’ Captive Supplies: An Upward Trend? A Pricing Edge?

Palavras-chave: Livestock Production/Industries.

Ano: 2006

URL: http://purl.umn.edu/21426

CAPTIVE SUPPLY TRENDS AND IMPACTS SINCE THE ADVENT OF MANDATORY PRICE REPORTING

Tipo: Journal Article

Palavras-chave: Livestock Production/Industries.

Ano: 2005

URL: http://purl.umn.edu/93495

Ward, Clement E.; Hornung, Jonathan T..

Captive supplies have been a contentious issue in the livestock industry for fifteen years and the subject of both theoretical and empirical research. In 2001, mandatory price reporting was implemented. One objective by its proponents was to increase the amount of information available on captive supplies. This paper examines data now available as a result of mandatory price reporting to determine what additional information is available compared to previously. Second, several models were specified and estimated to determine the impacts captive supplies had on fed cattle prices in the two years following implementation of mandatory price reporting. Models showed mixed results. There was a consistent negative effect on cash market prices from formula priced...

CATTLE FEEDER PERCEPTIONS OF LIVESTOCK MANDATORY PRICE REPORTING

Palavras-chave: Livestock Production/Industries; Marketing.

Ano: 2004

URL: http://purl.umn.edu/19016

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.

COMPARATIVE ANALYSIS OF SLAUGHTER LAMB PRICES

Palavras-chave: Livestock Production/Industries.

Ano: 2002

URL: http://purl.umn.edu/19056

Data on weekly summaries of slaughter lamb sales in 1996 were analyzed to determine price differences for factors affecting lamb prices. Models were compared with a 1991 study and across regions. Demand and supply variables were found important as well as marketing methods, sale lot sizes, seasonal and regional variables.

Comparing Canadian and U.S. Cattle Feeding Pricing Practices and Perceptions of Pricing Issues

Palavras-chave: Livestock Production/Industries.

Ano: 1999

URL: http://purl.umn.edu/35709

Ward, Clement E.; Carlberg, Jared G.; Brocklebank, Andrea.

Competition among beef packing firms, use of so-called captive supply, and methods of price discovery have been prolonged, contentious issues in the U.S. beef industry for two decades or more. While of lesser apparent concern in Canada for many years, these same matters rose to the forefront of beef industry issues after the Canada–U.S. border closure that resulted from Canada’s first case of bovine spongiform encephalopathy (BSE) in May 2003.

Tipo: Journal Article

Palavras-chave: Marketing.

Ano: 2007

URL: http://purl.umn.edu/46434

Cooperative Meat Packing, lessons learned from Sterling Colorado Beef Company

Cost and Benefit Analysis of a Preconditioning Feeder Calf Program

Integration into meatpacking is a marketing alternative for livestock producers. For those considering such a step, Sterling Colorado Beef Co. provides a valuable learning experience. Feeders willing to commit capital, cattle, and time established the cooperative. Members said primary benefits were having a guaranteed market outlet and receiving a fair market price, rather than receiving a higher price or obtaining additional returns from meatpacking. Members attributed the cooperative's success to competent management and strong member management relations. The major problems encountered involved issues of environmental protection and lack of commitment by some members.

Tipo: Journal Article

Palavras-chave: Cooperative; Meatpacking; Vertical integration; Cattle marketing; Cattle procurement; Cattle pricing; Beef marketing; Agribusiness; Livestock Production/Industries.

Ano: 1981

URL: http://purl.umn.edu/49822

Donnell, Jeri; Ward, Clement E..

Objectives were twofold: Determine key factors influencing preconditioning cost and returns; and determine the premium for age and source verified, preconditioned calves sold at a public livestock market. Data provided by the Samuel Roberts Noble Foundation show preconditioning returns depend significantly on number of days preconditioned, average daily gain, and cost of vaccinations, hay, feed, and mineral. Noble Foundation cooperators received a premium for age and source verified, preconditioned feeder cattle when sold at market. Significant coefficients averaged across five sales conclude that Noble Foundation management practices receive a $2.49/cwt premium when compared to all other cattle sold at market.

Designing a Voluntary Beef Checkoff

Palavras-chave: Cattle; Calves; Preconditioning; Prices; Costs; Age and source verification; Marketing.

Ano: 2008

URL: http://purl.umn.edu/42303

Norwood, F. Bailey; Winn, Chris; Chung, Chanjin; Ward, Clement E..

Recently, the U.S. Supreme Court considered whether the mandatory fees imposed by the beef checkoff violates the First Amendment. As a precaution, many states began forming voluntary beef checkoffs, where funds would be raised through voluntary contributions. This study conducted a survey of Oklahoma cattle producers to determine what type ofvoluntary checkoff design would receive the greatest support. The most popular checkoff placed a large emphasis on advertising and a slightly lower checkoff fee. The survey also tested the ability of a provision point mechanism to limit free-riding. The mechanism was not as effective as in other studies which used laboratory experiments.

Tipo: Journal Article

Palavras-chave: Beef marketing; Checkoff; Free-rider; Provision point mechanism; Public good; Agricultural and Food Policy; Livestock Production/Industries.

Ano: 2006

URL: http://purl.umn.edu/10149

Determining Key Factors of Influence on the Profitability of Retaining Cull Cows Beyond Culling

Amadou, Zakou; Raper, Kellie Curry; Ward, Clement E.; Biermacher, Jon T.; Cook, Billy.

Factors influencing the profitability of retaining and feeding cull cows beyond culling were investigated. First, a price response function is estimated using 19 years of monthly price data as reported by Agricultural Market Services (AMS). Net returns are then estimated using data from a three year cull cow feeding experiment conducted at The Samuel Roberts Noble Foundation and used to examine the relative effect of various factors on net returns. Results showed the importance of average daily gain increases across feeding periods while feeding system is also an important contributing factor to net returns.

ECONOMIC ANALYSIS OF ALFALFA INTEGRATED MANAGEMENT PRACTICES

Palavras-chave: Livestock Production/Industries; Marketing; Q1.

Ano: 2011

URL: http://purl.umn.edu/98790

Ward, Clement E.; Dowdy, Alan K.; Berberet, Richard C.; Stritzke, Jimmie F..

Integrated pest management (IMP) initially focused on insect pest control. More recently, IPM encompasses a broader concept of management, one which crosses several disciplinary boundaries. This article reports results of research dealing with four integrated management decisions for alfalfa (cultivar selection, inset control, weed control, and end-of-season harvest options.

Tipo: Journal Article

Palavras-chave: Crop Production/Industries.

Ano: 1990

URL: http://purl.umn.edu/29996

Economic Effects of Bovine Respiratory Disease on Feedlot Cattle during Backgrounding and Finishing Phases

Brooks, Kathleen R.; Raper, Kellie Curry; Ward, Clement E.; Holland, Ben P.; Krehbiel, Clint.

This research examines the economic effects of bovine respiratory disease (BRD) on backgrounding and finishing phases of cattle production. This research measures the effectiveness of using serum haptoglobin (Hp) concentration to predict BRD occurrence and the impact of multiple treatments for BRD infection on cattle performance and returns. During the backgrounding phase, 222 heifers were grouped by Hp level. After the backgrounding phase, 193 heifers were then grouped by number of BRD treatments in the finishing phase. Net returns decreased in the backgrounding phase and the combined phases as the number of BRD treatments increased. Hp concentrations had no significant effects on net returns.

EFFICIENCY OF MARKET PRICE SIGNALS FOR FEEDER CATTLE FRAME SIZE AND MUSCLING

Palavras-chave: Bovine respiratory disease; Haptoglobin; Net returns; Livestock Production/Industries; Production Economics.

Ano: 2008

URL: http://purl.umn.edu/45849

Baggett, Hub B., IV; Ward, Clement E.; Child, Dan M..

Two beef cattle production traits that affect performance are frame size and muscle thickness. Buyers pay premiums or discounts for feeder cattle with different frame and muscling. Do prices accurately reflect performance? What effect do frame and muscling have on profitability? Performance differed in some cases but not others. Backgrounding, stocker, and feedlot ADG differed little, while feed efficiency, days fed, and harvest weight varied more. There were many differences in carcass characteristics due to frame and muscling. Results provide evidence that stocker and feedlot prices are inefficient since a greater profit can be made producing one type of calf instead of another.