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Response Function Estimates For Lot Fed Beef

Author

Listed:
  • Buffier, B.D.
  • Freebairn, John W.

Abstract

The paper reports estimates of the short term response in the number of cattle placed on feed lots to changes in the prices of fat cattle, store cattle and grain. Data used in the analysis comes from interviews of a panel of feed lot operators regarding their intended 1974 throughput of cattle at different price combinations. Price combinations are identified at which no cattle would be placed in feed lots, at which feed lots would be used at maximum capacity, and at which price changes would induce changes in the number of cattle on feed. For the price responsive zone regression procedures are employed to estimate response price elasticities.

Suggested Citation

  • Buffier, B.D. & Freebairn, John W., 1975. "Response Function Estimates For Lot Fed Beef," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 43(01), pages 1-12, March.
    • Handle: RePEc:ags:remaae:9195
    DOI: 10.22004/ag.econ.9195
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    File URL: https://ageconsearch.umn.edu/record/9195/files/43010040.pdf
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    Cited by:

    1. Freebairn, John W., 1983. "Drought Assistance Policy," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 27(3), pages 1-15, December.
    2. Griffith, Garry R. & Coddington, Anna & Murdoch, Scott, 2004. "Beef Feedlot Supply Response in Australia," Australasian Agribusiness Review, University of Melbourne, Department of Agriculture and Food Systems, vol. 12.

    More about this item

    Keywords

    Livestock Production/Industries;

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