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Analysis of U.S. feeder steer prices normally includes fed cattle prices and feed grain costs. An expanded econometric model which investigates finance cost, profit risk, hay cost, technology, and Mexican feeder cattle import shares is estimated. Results indicate statistical significance of...
Persistent link: https://www.econbiz.de/10005805349
Livestock dressed weights have experienced significant trends and volatility which affect wholesale production of red meats. An econometric model was used to estimate the impact of relative prices and technology on cattle and hog average dressed weights. For fed steers and heifers, the economic...
Persistent link: https://www.econbiz.de/10005805415
The effects of breeding stock productivity on the U.S. beef cattle cycle were econometrically estimated. Growth in output per beef cow was hypothesized to impact inventory response via cattle prices and marketing alternatives. Beef productivity included carcass weights of steers, heifers, and...
Persistent link: https://www.econbiz.de/10009397578
A systems model was estimated to determine the effects of declining U.S. retail beef demand on farm-level beef prices and production. Retail beef demand declined by nearly 66% from 1976 to 1999. Results indicate autonomous shifts in retail demand significantly impacted farm-level demands and...
Persistent link: https://www.econbiz.de/10009397645
Reduced form price equations were estimated to compare market demand responses from two data sources: U.S. Department of Agriculture (USDA) beef price and price spread data per revisions in 1978 and per revisions in 1990. The latest revisions were necessary to account for changing beef industry...
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A systems econometric model of the livestock (beef and pork), poultry (broiler), and corn sectors was estimated to evaluate cross-sector relationships. The equilibrium multipliers and comparative statics indicate unequal cross-effect of market disturbances, e.g., shocks in the livestock and...
Persistent link: https://www.econbiz.de/10005484255
Three methods of calculating the derived elasticity of demand for Choice slaughter beef are used: (a) a traditional marketing margin approach, (b) a modified marketing margin approach, and (c) an econometric, inverse demand model approach. The first method is more restrictive than the second but...
Persistent link: https://www.econbiz.de/10005327765