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Determinants Of Cattle Finishing Profitability

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Author Info

  • Langemeier, Michael R.
  • Schroeder, Ted C.
  • Mintert, James R.

Abstract

Data from a western Kansas feedlot were analyzed to estimate the quantitative impacts of price and performance variables on profits per head from finishing cattle. Sale prices, feeder prices, and corn prices had the most impact on profit variability over time. Differences in sale prices, feeder prices, and feed conversions were important in explaining the difference in steer and heifer profits over time. Results suggest that breakeven prices should be calculated for a range of fed cattle, feeder, and corn prices, and that these three variables need to be stochastic in representative farm modeling efforts.

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File URL: http://purl.umn.edu/29637
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Bibliographic Info

Article provided by Southern Agricultural Economics Association in its journal Southern Journal of Agricultural Economics.

Volume (Year): 24 (1992)
Issue (Month): 02 (December)
Pages:

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Handle: RePEc:ags:sojoae:29637

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Web page: http://www.saea.org/jaae/jaae.htm
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Related research

Keywords: Demand and Price Analysis;

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Cited by:
  1. Maples, Josh & Harri, Ardian & Riley, John Michael & Tack, Jesse B., 2013. "Marketing Margins and Input Price Uncertainty," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 150604, Agricultural and Applied Economics Association.
  2. Anderson, John D. & Trapp, James N., 2000. "The Dynamics Of Feeder Cattle Market Responses To Corn Price Change," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 32(03), December.
  3. Belasco, Eric J., 2008. "The Role of Price Risk Management in Mitigating Fed Cattle Profit Exposure," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 33(3), December.
  4. Belasco, Eric J. & Taylor, Mykel R. & Goodwin, Barry K. & Schroeder, Ted C., 2009. "Probabilistic Models of Yield, Price, and Revenue Risks for Fed Cattle Production," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 41(01), April.
  5. El-Osta, Hisham S. & Mishra, Ashok K., 2001. "Adoption And Economic Impact Of Site-Specific Technologies In U.S. Agriculture," 2001 Annual meeting, August 5-8, Chicago, IL 20593, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  6. Avent, R. Keith & Ward, Clement E. & Lalman, David L., 2002. "Asymmetric Value Of Preconditioning Programs For Feeder Cattle," 2002 Annual Meeting, July 28-31, 2002, Long Beach, California 36559, Western Agricultural Economics Association.
  7. Babetskaya, Lyubov, 2001. "Enhancing The Performance Of Risk-Rating Models At Community Banks," 2001 Annual meeting, August 5-8, Chicago, IL 20690, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  8. Rahman, Shaikh Mahfuzur, 2006. "Optimal Incentive Structure in Cattle Feeding Contracts Under Alternative Fed Cattle Pricing Methods," Working Papers 28549, University of Maryland, Department of Agricultural and Resource Economics.
  9. Gloy, Brent A. & Hyde, Jeffrey & LaDue, Eddy L., 2001. "Dairy Farm Management And Long-Term Farm Financial Performance: Evidence From Panel Data," 2001 Annual meeting, August 5-8, Chicago, IL 20515, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  10. Jones, Rodney D. & Kastens, Terry L., 1999. "Predicting Feeding Cost Of Gain With More Precision," 1999 Annual meeting, August 8-11, Nashville, TN 21506, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  11. Mare, Frikkie A. & Nell, Wilhelm T. & Willemse, B.J., 2010. "Maize prices in South Africa: Can the producer increase his revenue by marketing grain through cattle?," 2010 AAAE Third Conference/AEASA 48th Conference, September 19-23, 2010, Cape Town, South Africa 96646, African Association of Agricultural Economists (AAAE) & Agricultural Economics Association of South Africa (AEASA).
  12. Forristall, Cody & May, Gary J. & Lawrence, John D., 2002. "Assessing The Cost Of Beef Quality," 2002 Conference, April 22-23, 2002, St. Louis, Missouri 19060, NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management.
  13. Schumacher, Stephanie & Peel, Derrell S. & Raper, Kellie Curry, 2013. "Non-Adoption of Best Management Practices: Demographics and Adoption Constraints of Oklahoma Cattle Producers," 2013 Annual Meeting, February 2-5, 2013, Orlando, Florida 143094, Southern Agricultural Economics Association.
  14. Schroeder, Ted C. & Albright, Martin L. & Langemeier, Michael R. & Mintert, James R., 1993. "Determinants of Cattle Feeding Profit and Cost of Gain Variability," Staff Papers 118161, Kansas State University, Department of Agricultural Economics.
  15. Mark, Darrell R. & Schroeder, Ted C. & Jones, Rodney D., 2000. "Identifying Economic Risk In Cattle Feeding," Journal of Agribusiness, Agricultural Economics Association of Georgia, vol. 18(3).
  16. Rahman, Shaikh Mahfuzur, 2006. "Optimal Incentive Structure in Cattle Feeding Contracts under Alternative Fed Cattle Pricing Methods," 2006 Annual meeting, July 23-26, Long Beach, CA 21404, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  17. Mark R. Manfredo. & Raymond M. Leuthold, 1999. "Market Risk Measurement and the Cattle Feeding Margin: An Application of Value-at-Risk," Finance 9908002, EconWPA.
  18. Avent, R. Keith & Ward, Clement E. & Lalman, David L., 2004. "Market Valuation of Preconditioning Feeder Calves," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 36(01), April.

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