Author: Darwin D. BaucumPublisher:
ISBN:
Category : Beef cattle
Languages : en
Pages : 112
Book Description
Analysis of Selected Market Forces Affecting Beef Cattle Prices in South Texas Markets
Author: Darwin D. BaucumPublisher:
ISBN:
Category : Beef cattle
Languages : en
Pages : 112
Book Description
Factors Affecting Price Differences of Cattle in the Southwest
Author: John B. JamesPublisher:
ISBN:
Category :
Languages : en
Pages : 294
Book Description
This study was designed to provide estimates of the existing values the livestock market in the Southwest places on various animal and non-animal characteristics. It was anticipated that these estimates would assist the industry in determining the most profitable animals to produce and the most profitable time and place to market the animals. To provide more assistance in decision-making, analyses were undertaken to determine whether price differences associated with certain animal characteristics have changed during the last two decades. Regression equations were utilized to estimate the extent to which selected factors contribute to the price variation of feeder and slaughter cattle in the Southwest. Under a given level of cattle prices, variations in cattle prices would be expected to result from two principal sources: (1) Variations in animal characteristics, that is, weight, grade, market class, and breed type; (2) Variations in non-animal characteristics, that is, market location, lot size, and season of the year. A modification of the least squares regression method allowed the inclusion of discrete variables for the non-continuous variables, such as season and market location. Data used in estimating feeder cattle price differences originated from country auction markets and major regional markets. The data used in estimating price differences for slaughter cattle originated from major regional markets. The price data from auctions used in the feeder cattle analyses covered the period 1966-1968, and the regional market data covered the period 1964-1968. Because of a lack of data for later years, the data for slaughter cattle price difference analyses covered the period 1964-1966. The scarcity of regional market data for later years highlights the rapid change which is occurring in the assembly function of slaughter cattle. Processors are increasingly by-passing established marketing facilities and purchasing directly from feedlot operators. However, feedlot operators were still using federal-state live cattle quotations as a primary source of price information in 1967.
A Market Analysis of the Cattle Industry of Texas
Author: George McKoy LewisPublisher:
ISBN:
Category : Cattle trade
Languages : en
Pages : 868
Book Description
Factors Influencing the Prices of Market Cattle in South Texas
Author: Dennis Edwin HalePublisher:
ISBN:
Category : Cattle
Languages : en
Pages : 50
Book Description
A Market Analysis of the Cattle Industry of Texas
Author: George MacKoy LewisBibliography of Agriculture
Author: A Market Analysis of the Cattle Industry in Texas
Author: George Morris LewisPublisher:
ISBN:
Category : Cattle trade
Languages : en
Pages : 171
Book Description
Market Integration and the Law of One Price
Author: Gertrude S. MuwangaPrice Slides Within Cattle Markets Over Time and Space
Author: Justin Edward DickamorePublisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
The production of cattle in the United State is a very large business. Production begins at the cow-calf level, where a calf is born and raised to a specific weight. This weight is the weaning weight and averages between 300-600 pounds. The calf is then typically shipped to a feedlot, where it is fed a high corn ration which increases the weight of animal quickly and cost effectively to reach a sufficient slaughter weight. Cattle production takes place primarily in 5 different geographical locations which include the North Central, Southeast, Northern Plains, Southern Plains, and West regions. Due to the relationships between fed cattle prices, feeder cattle prices and feed costs, lighter weight feeder cattle typically sell for a higher price per pound than heavier weight feeder cattle. This decrease in price per pound for heavier feeders is often referred to as a feeder cattle price slide. This study is to determine how price slides have reacted over time and space due to the relative changes in fed and feeder cattle prices and the cost of feed. Weekly data was obtained from the Livestock Marketing Information Center (LMIC) on the auction price for feeder cattle at different weights for both steers and heifers. Weekly data on the futures price of live cattle and corn were also obtained from the LMIC. To determine if feeder cattle price slides had changed over time, regression analysis was used to evaluate the relationship between feeder cattle prices at varying weights with the price of fed cattle and the price of corn. Two different time periods were used for the same location: the first period was from 1992 to 1996 and the second period was from 2005 to 2015. Price slides were also examined across space. There were five different geographical locations analyzed: Oklahoma, Nebraska, Georgia, Kansas, and Montana. Each region was regressed individually and then compared. Prices slides were calculated as the difference in the regressed feeder cattle price at each weight. A combination of the time and space was used to evaluate changes in the same model. Results from the regression models returned feeder cattle prices at varying weights for steers and heifers and price slides were calculated from those estimated prices. It was found that price slides are not constant over time and that price slides are geographically specific. In the third objective, it is shown that time and space are both factors in determining price slides for feeder cattle. The implications of this study are to help cattle producers be more aware of market conditions specific to changes in feeding cost. It is also to make aware that price slides are not constant over time and space and therefore, must be reevaluated on a consistent basis.
Marketing of Livestock, Meat, and Meat Products, 1962-June 1967
Author: Betty B. BaxtresserPublisher:
ISBN:
Category : Cold-storage lockers
Languages : en
Pages : 80
Book Description