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A Hedonic Analysis of Cattle Prices in the Central Corridor of West Africa: Implications for Production and Marketing Decisions

Author

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  • Williams, Timothy O.
  • Okike, Iheanacho
  • Spycher, Ben

Abstract

Detailed weekly sales transactions data for the period January 2000-June 2001 from three frontier markets in the central corridor of West Africa were analyzed to identify the factors influencing short-run, intra-year cattle prices. The empirical results indicate that in addition to market location and seasonality of supply and sales, market participants show systemic preferences for specific cattle attributes (sex, weight, condition and finish) and are willing to pay premium prices consistent with their preferences. Communicating this information to producers can assist them to tailor their production and marketing decisions to meet market expectations and thereby improve their competitiveness, profitability and intra-regional livestock trade. Innovative policy and institutional approaches to improve market information dissemination and ease other constraints that tend to dampen supply response, even in the face of favorable prices, are discussed in the paper.

Suggested Citation

  • Williams, Timothy O. & Okike, Iheanacho & Spycher, Ben, 2006. "A Hedonic Analysis of Cattle Prices in the Central Corridor of West Africa: Implications for Production and Marketing Decisions," 2006 Annual Meeting, August 12-18, 2006, Queensland, Australia 25423, International Association of Agricultural Economists.
    • Handle: RePEc:ags:iaae06:25423
    DOI: 10.22004/ag.econ.25423
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    Cited by:

    1. Theriault, Veronique & Assima, Amidou & Vroegindewey, Ryan & Tschirley, David & Keita, Naman, 2017. "A City-Retail Outlet Inventory Of Processed Dairy And Grain Foods: Evidence From Mali," Feed the Future Innovation Lab for Food Security Policy Research Papers 261675, Michigan State University, Department of Agricultural, Food, and Resource Economics, Feed the Future Innovation Lab for Food Security (FSP).

    More about this item

    Keywords

    Livestock Production/Industries;

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