Schroeder, Ted C.; Coffey, Brian K.; Brester, Gary W. - Western Agricultural Economics Association - WAEA - 2002
Beef carcasses, carcass premiums, carcass discounts, and grain prices are simulated. Random carcasses are priced according to random sets of market conditions defining a distribution of total and net revenues. Sensitivity analysis is performed to determine the total effect on revenue and net...