IDEAS home Printed from https://ideas.repec.org/a/ags/jlaare/30762.html
   My bibliography  Save this article

Determinants Of Cow-Calf Pair Prices

Author

Listed:
  • Parcell, Joseph L.
  • Schroeder, Ted C.
  • Hiner, Frina D.

Abstract

Cow-calf prices are determined by interaction of many factors. At a particular auction, cow-calf pair prices often had a range of 75% of the mean price. This variability suggests that producers need to be informed regarding cow-calf price determinants. This study uses auction data during 1993 to estimate price differentials associated with cow-calf pair characteristics using a hedonic model. Cow breed, age, health, conditions, horns, frame, and whether the cow had been bred back were significant price determinants. Calf weight, health, and frame had significant price impacts. Highest prices were paid for pens containing 9-12 pairs of young Angus, dehorned, bred back, healthy cows with heavy healthy calves.

Suggested Citation

  • Parcell, Joseph L. & Schroeder, Ted C. & Hiner, Frina D., 1995. "Determinants Of Cow-Calf Pair Prices," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 20(2), pages 1-13, December.
    • Handle: RePEc:ags:jlaare:30762
    DOI: 10.22004/ag.econ.30762
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/30762/files/20020328.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.30762?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. DeeVon Bailey & Monte C. Peterson & B. Wade Brorsen, 1991. "A Comparison of Video Cattle Auction and Regional Market Prices," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 73(2), pages 465-475.
    2. Alan Barkema, 1993. "Reaching Consumers in the Twenty-First Century: The Short Way Around the Barn," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 75(5), pages 1126-1131.
    3. DeeVon Bailey & B. Wade Brorsen & Chris Fawson, 1993. "Buyer Concentration at Feeder Cattle Auctions," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 15(1), pages 103-119.
    4. Bailey, DeeVon & Peterson, Monte C., 1991. "A Comparison Of Pricing Structures At Video And Traditional Cattle Auctions," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 16(2), pages 1-12, December.
    5. Jones, Rodney & Schroeder, Ted & Mintert, James & Brazle, Frank, 1992. "The Impacts of Quality on Cash Fed Cattle Prices," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 24(2), pages 149-162, December.
    6. Schroeder, Ted C. & Mintert, James R. & Brazle, Frank & Grunewald, Orlen C., 1988. "Factors Affecting Feeder Cattle Price Differentials," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 13(1), pages 1-11, July.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Dhuyvetter, Kevin C. & Schroeder, Ted C. & Simms, Danny D. & Bolze, Ronald P., Jr. & Geske, Jeremy, 1996. "Determinants Of Purebred Beef Bull Price Differentials," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 21(2), pages 1-15, December.
    2. Mitchell, James & Peel, Derrell S., 2016. "Price Determinants of Bred Cows in Oklahoma Auctions," 2016 Annual Meeting, February 6-9, 2016, San Antonio, Texas 230077, Southern Agricultural Economics Association.
    3. Pierce, Vern L. & Parcell, Joseph L. & Randle, Richard & Patterson, David J., 1999. "Determinants Of Sale Price And Farm Value In The Missouri Show-Me Select Replacement Heifer Program," 1999 Annual meeting, August 8-11, Nashville, TN 21545, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    4. Parcell, Joseph L. & Dhuyvetter, Kevin C. & Patterson, David J. & Randle, Richard, 2005. "The Value of Carcass Characteristic EPDs in Bred Heifer Price," 2005 Conference, April 18-19, 2005, St. Louis, Missouri 19041, NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management.
    5. Elliott, Lisa M. & Parcell, Joe L. & Patterson, David J., 2013. "Determination of the Value of Minimum Sire Accuracy Traits," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 45(2), pages 1-17, May.
    6. Murova, Olga I. & Mumma, Gerald A. & Hudson, Darren & Couvillion, Warren C., 1999. "Soybeans Quality Price Differentials From An Elevator'S Perspective," 1999 Annual meeting, August 8-11, Nashville, TN 21523, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Dhuyvetter, Kevin C. & Schroeder, Ted C. & Simms, Danny D. & Bolze, Ronald P., Jr. & Geske, Jeremy, 1996. "Determinants Of Purebred Beef Bull Price Differentials," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 21(2), pages 1-15, December.
    2. Blank, Steven C. & Saitone, Tina L. & Sexton, Richard J., 2016. "Calf and Yearling Prices in the Western United States: Spatial, Quality, and Temporal Factors in Satellite Video Auctions," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 41(3), pages 1-23.
    3. Chris Fawson & DeeVon Bailey & Terry Glover, 1996. "Price impacts of concentration, timing, and product characteristics in a feeder cattle video auction," Agribusiness, John Wiley & Sons, Ltd., vol. 12(5), pages 485-496.
    4. Blank, Steven C. & Saitone, Tina L. & Sexton, Richard J., 2014. "Seller-Offered Forward Contracts: An Additional Benefit to Cattle Producers from Satellite Video Auctions," 2014 Annual Meeting, February 1-4, 2014, Dallas, Texas 162323, Southern Agricultural Economics Association.
    5. Calil, Yuri Clements Daglia & Ribera, Luis A. & Anderson, David P. & Koury Filho, William, 2022. "Pure-bred Nellore Prices in Brazil: Morphological, Genetic, Physical, and Market Factors in Auctions," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 47(3), September.
    6. Pierce, Vern L. & Parcell, Joseph L. & Randle, Richard & Patterson, David J., 1999. "Determinants Of Sale Price And Farm Value In The Missouri Show-Me Select Replacement Heifer Program," 1999 Annual meeting, August 8-11, Nashville, TN 21545, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    7. Anderson, John D. & Trapp, James N., 1999. "Estimated Value of Non-Price Vertical Coordination in the Fed Cattle Market," Staff Papers 232529, Virginia Polytechnic Institute and State University, Department of Agricultural and Applied Economics.
    8. Brorsen, B. Wade & Coulibaly, Nouhoun & Richter, Francisca G.-C. & Bailey, DeeVon, 2001. "Feeder Cattle Price Slides," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 26(1), pages 1-18, July.
    9. Yeboah, Godfred, 1999. "Estimating the value of "Source Verification" in Iowa feeder cattle markets," ISU General Staff Papers 1999010108000018186, Iowa State University, Department of Economics.
    10. Williams, Brian R. & DeVuyst, Eric A. & Peel, Derrell S. & Raper, Kellie Curry, 2014. "Reducing Self-Selection Bias in Feeder Cattle Premium Estimates Using Matched Sampling," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 39(1), pages 1-15, April.
    11. repec:ags:jrapmc:122317 is not listed on IDEAS
    12. Schulz, Lee L. & Schroeder, Ted C. & Ward, Clement E., 2011. "Trade-Related Policy and Canadian-U.S. Fed Cattle Transactions Basis," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 36(2), pages 1-13, August.
    13. Williams, Galen S. & Raper, Kellie Curry & DeVuyst, Eric A. & Peel, Derrell S. & McKinney, Doug, 2012. "Determinants of Price Differentials in Oklahoma Value-Added Feeder Cattle Auctions," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 37(1), pages 1-14, April.
    14. Parcell, Joseph L. & Dhuyvetter, Kevin C. & Patterson, David J. & Randle, Richard, 2005. "The Value of Carcass Characteristic EPDs in Bred Heifer Price," 2005 Conference, April 18-19, 2005, St. Louis, Missouri 19041, NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management.
    15. Mallory, Shannon & DeVuyst, Eric A. & Raper, Kellie C. & Peel, Derrell & Mourer, Gant, 2016. "Effect of Location Variables on Feeder Calf Basis at Oklahoma Auctions," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 41(3), pages 1-13.
    16. Allan F. Pinto & Brittney K. Goodrich & William Kelley & Max Runge, 2023. "Price determinants of bred heifers: Do reputations matter?," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 71(1), pages 5-23, March.
    17. Lanfranco, Bruno A. & Castano, Jose Pedro, 2010. "Incidence of Agro-Climate Variability over Grass-Fed Cattle Markets," 2010 Annual Meeting, July 25-27, 2010, Denver, Colorado 61182, Agricultural and Applied Economics Association.
    18. Chymis, Athanasios G. & James, Harvey S., Jr. & Konduru, Srinivasa & Pierce, Vern L., 2004. "Asymmetric Information In Cattle Auctions: The Problem Of Revaccinations," Working Papers 26039, University of Missouri Columbia, Department of Agricultural Economics.
    19. Lopez, Jose & Bankole, Taiwo & Wahrmund, Jackie, 2017. "A Hedonic Analysis of Feeder Cattle Auction Prices in Northeast Texas," 2017 Annual Meeting, February 4-7, 2017, Mobile, Alabama 252732, Southern Agricultural Economics Association.
    20. Mitchell, James & Peel, Derrell S., 2016. "Price Determinants of Bred Cows in Oklahoma Auctions," 2016 Annual Meeting, February 6-9, 2016, San Antonio, Texas 230077, Southern Agricultural Economics Association.
    21. Blank, Steven C. & Saitone, Tina & Sexton, Richard & Kalotia, Kabir & Forero, Larry & Nader, Glenn, 2011. "Location and distance effects on western calf and yearling prices," 2011 Annual Meeting, June 29-July 1, 2011, Banff, Alberta,Canada 291744, Western Agricultural Economics Association.

    More about this item

    Keywords

    Demand and Price Analysis;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:jlaare:30762. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/waeaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.