The vertical coordination systems between livestock producers and processors have dramatically shifted toward long-term contract coordination or vertical integration in the pork sector; however, fed cattle producers still rely heavily on spot market or short-term contract linkages with meat...

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In addition to horizontal consolidation at the input, production, and processing subsectors, the US pork industry is becoming more vertically aligned. The largest hog producers and pork processors were surveyed regarding their involvement in vertical coordination arrangements and their plans for...

(with Zhi Wang). "Systematic Hog Price Management: Selective Hedging and Long-Term Risk Sharing Packer Contracts." Proceedings, NCR-134 Conference, Applied Commodity Price Analysis, Forecasting, and Market Risk Management, Chicago, IL, April, 1997. Selected paper.

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Iowa leads the nation in egg production, producing more than the second and third largest states combined. There were approximately 52.7 million layers in Iowa produced 13.9 billion eggs in 2007. This level of production consumes 50 million bushels of corn and 453,000 tons of soybean meal. In...

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The number of U.S. fed cattle marketed through a value-based or grid marketing system is increasing dramatically. Most grids reward Choice or better quality grades and some pay premiums for yield grades. The Choice-Select (C-S) price spread increased 55 percent, over $3/cwt during the 1990s....

A 2007 survey of US pork producers indicated that nearly two-thirds of US hogs are produced by less than 200 firms marketing 50,000 or more hogs per year. We estimate that 27 operations marketing at least 500,000 hogs a year sold 43% of US hogs in 2006. The next 164 operations marketing between...