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A Comparison Of Cattle Feeding Profit Variance Indicated By Private Versus Public Data

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  • Trapp, James N.
  • Webb, Jeane K.

Abstract

The variance of net profits calculated from USDA fixed coefficient budgets and from industry variable production coefficient pen closeout data were found to be equal. The industry variance was not higher because the variations of the prices and quantities whose products form the components of net profit are negatively correlated.

Suggested Citation

  • Trapp, James N. & Webb, Jeane K., 1986. "A Comparison Of Cattle Feeding Profit Variance Indicated By Private Versus Public Data," 1986 Annual Meeting, July 27-30, Reno, Nevada 278117, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea86:278117
    DOI: 10.22004/ag.econ.278117
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    File URL: https://ageconsearch.umn.edu/record/278117/files/aaea-1986-078.pdf
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    References listed on IDEAS

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    1. John M. Marsh, 1985. "Monthly Price Premiums and Discounts between Steer Calves and Yearlings," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 67(2), pages 307-314.
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    Cited by:

    1. Elam, Emmett W., 1992. "Cash Forward Contracting Versus Hedging Of Fed Cattle, And The Impact Of Cash Contracting On Cash Prices," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 17(1), pages 1-13, July.

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