Many Thoroughbred stallions are being bred to increasing numbers of mares. This practice raises the question of how progeny value is affected by an increased supply of foals by the same sire, which ultimately influences the sire’s value. This paper addresses that question. Three of the...

In processing industries, plant location decisions are costly and have consequences for firm profitability. When raw materials are heavy or perishable, transportation costs limit shipping distances and processors must compete locally for raw material inputs. To determine the likely profitability...

Conventional wisdom holds that a small and decreasing number of hog slaughter firms are using their "market power" to take advantage of U.S. hog producers. Existing studies have simply calculated industry concentration ratios and assumed/asserted that the performance of such a concentrated...

This paper documents the extent of cooperative penetration into branded dairy product markets and presents case study evidence on competitive strategies in the skim/low fat milk, whole milk, cottage cheese, butter, margarine, and ice cream markets. We employ data for 51 local market areas from...

Personal interviews were conducted with 52 Louisiana cow-calf producers todetermine their preferences for a livestock revenue insurance (LRI) product.Conjoint analysis was utilized to determine the importance of selected attributesof insurance policies for these producers. Two-limit tobit models...

Embora os produtores de gado nem sempre se comportem como uma empresa, precisam agir como tal para se manter no mercado, cada vez mais concentrado e profissionalizado nas etapas seguintes à de engorda – industrialização, atacado e varejo. O desafio para o pecuarista é grande, dada a...

We find sale prices and net revenues received by sellers in the Midwestern club pig market are higher at traditional face-to-face auctions than at comparable Internet auctions. The comparison overcomes adverse selection issues that commonly plague such analyses by using data from sellers that...

This article tests the efficiency of the hog options market and assesses the impact of the 1996 contract redesign on efficiency. We find that the hog options market is efficient, but some options yielded excess returns during the live hogs period but not during the lean hogs period. Our findings...

This paper determines the dynamic interaction between prices of corn, soybean, grain sorghum (milo), wheat, feeder cattle and live (fed) cattle by taking into account the surge in corn consumption stemming from the boost of mandated ethanol production. Corn is a major carbohydrate-feed component...