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Increased demand for corn for ethanol production has helped push grain prices to record levels. This has increased livestock production costs, and producers have responded with changes to production systems. This paper explores the degree to which costs can be mitigated with alternative feeds,...
Persistent link: https://www.econbiz.de/10005513861
Nonparametric procedures are used to compare technological change in SIC 2011, meatpacking, and SIC 2015, poultry slaughter and processing. There has been a greater increase in total factor productivity in poultry than in the red meats. Evidence also suggests recent differences in the bias of...
Persistent link: https://www.econbiz.de/10005513863
This study provides valuable insights into cow-calf producer voluntary participation in the National Animal Identification System and producers’ perceptions of several issues critically impacting the success of voluntary traceability systems. Cow-calf producers believe that the most...
Persistent link: https://www.econbiz.de/10008853628
The cattle industry batch markets animals in pens. Because of this, animals within any one pen can be both underfed and overfed. Thus, there is a production inefficiency associated with batch marketing. We simulate the value of sorting animals through weight and ultrasound measurements from...
Persistent link: https://www.econbiz.de/10005320814
Monthly observations on prices from 10 weight/gender classifications of Nebraska beef cattle are studied in an error correction model (ECM) framework. This study attempts a replication of the 2003 paper on Texas prices by Bessler and Davis, where they find medium heifers (600–700 lb) at...
Persistent link: https://www.econbiz.de/10008504238
Many areas of the US recently endured a severe drought and management strategies to cope with the lack of forage production varied. A multi-period mathematical model is presented that estimates the outcomes of two common producer responses to changes in precipitation, partial liquidation and...
Persistent link: https://www.econbiz.de/10008530500
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...
Persistent link: https://www.econbiz.de/10008853621