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The Value of Information Provision at Iowa Feeder Cattle Auctions

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Author Info
Bulut, Harun
Lawrence, John D.

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Abstract

Controlling a variety of feeder cattle characteristics, and market and sale conditions, we estimate that certified vaccinations claims along with at least 30 days weaning claims bring in a premium of $6.13/cwt, which is nearly two times of that for similar uncertified claims, compared to no vaccinations and weaning claims at all in Iowa feeder cattle auctions. This indicates that the third-party certification is supported in the market as a tool to signal quality in terms of vaccinations and weaning claims towards preconditioning.

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File URL: http://purl.umn.edu/19004
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Publisher Info
Paper provided by NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management in its series 2006 Conference, April 17-18, 2006, St. Louis, Missouri with number 19004.

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Date of creation: 2006
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Handle: RePEc:ags:ncrsix:19004

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Web page: http://www.agebb.missouri.edu/ncrext/ncr134/

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Related research
Keywords: Livestock Production/Industries; Marketing;

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This page was last updated on 2009-11-26.

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