Feeding and the Equilibrium Feeder Animal Price-Weight Schedule
AbstractFeeder animal prices depend on fed animal prices, the biological growth technology, and feed costs. In addition, daily maintenance costs can be avoided through accelerated feeding. These observations allow us to model optimal feeding under equilibrium feeder animal pricing. Our model enables a better understanding of regulation in feedstuff markets. The feeder animal price-weight schedule is likely decreasing and convex in weight. Prices for animals with better growth potential should be less sensitive to feed and fed animal prices. Prices for lighter animals should be more sensitive to these prices. Regression analyses on Southern Great Plains cattle prices provide support for this model.
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Bibliographic InfoArticle provided by Western Agricultural Economics Association in its journal Journal of Agricultural and Resource Economics.
Volume (Year): 31 (2006)
Issue (Month): 02 (August)
days on feed; energy use; feed ban; growth hormones; Kleiber's law; ration density; veal market; Livestock Production/Industries;
Other versions of this item:
- David A. Hennessy, 2005. "Feeding and the Equilibrium Feeder Animal Price-Weight Schedule," Center for Agricultural and Rural Development (CARD) Publications 05-wp395, Center for Agricultural and Rural Development (CARD) at Iowa State University.
- Hennessy, David A., 2005. "Feeding and the Equilibrium Feeder Animal Price-Weight Schedule," Staff General Research Papers 12365, Iowa State University, Department of Economics.
- G1 - Financial Economics - - General Financial Markets
- Q1 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture
- Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
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