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Estimating The Effects Of Factors Influencing Grid Pricing Revenue

Author

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  • Schroeder, Ted C.
  • Coffey, Brian K.
  • Brester, Gary W.

Abstract

Beef carcasses, carcass premiums, carcass discounts, and grain prices are simulated. Random carcasses are priced according to random sets of market conditions defining a distribution of total and net revenues. Sensitivity analysis is performed to determine the total effect on revenue and net revenue of managing any of the interrelated carcass traits.

Suggested Citation

  • Schroeder, Ted C. & Coffey, Brian K. & Brester, Gary W., 2002. "Estimating The Effects Of Factors Influencing Grid Pricing Revenue," 2002 Annual Meeting, July 28-31, 2002, Long Beach, California 36604, Western Agricultural Economics Association.
    • Handle: RePEc:ags:waealb:36604
    DOI: 10.22004/ag.econ.36604
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    References listed on IDEAS

    as
    1. Ted C. Schroeder & Clement E. Ward & James R. Mintert & Derrell S. Peel, 1998. "Value-Based Pricing of Fed Cattle: Challenges and Research Agenda," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 20(1), pages 125-134.
    2. Fausti, Scott W. & Feuz, Dillon M. & Wagner, John J., 1998. "Value Based Marketing For Fed Cattle: A Discussion Of The Issues," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 1(1), pages 1-18.
    3. Purcell, Wayne D., 1998. "Measures of Changes in Demand for Beef, Pork, and Chicken, 1975-1998," Staff Papers 232527, Virginia Polytechnic Institute and State University, Department of Agricultural and Applied Economics.
    4. Ward, Clement E. & Feuz, Dillon M. & Schroeder, Ted C., 1999. "Formula Pricing and Grid Pricing Fed Cattle: Implications for Price Discovery and Variability," Staff Papers 232528, Virginia Polytechnic Institute and State University, Department of Agricultural and Applied Economics.
    5. Michelle Beshear & Russell L. Lamb, 1998. "From the Plains to the plate : can the beef industry regain market share?," Economic Review, Federal Reserve Bank of Kansas City, vol. 83(Q IV), pages 49-66.
    6. Ted C. Schroeder & Jennifer L. Graff, 2000. "Estimated Value of Increased Pricing Accuracy for Fed Cattle," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 22(1), pages 89-101.
    7. Dillon M. Feuz & Scott W. Fausti & John J. Wagner, 1993. "Analysis of the efficiency of four marketing methods for slaughter cattle," Agribusiness, John Wiley & Sons, Ltd., vol. 9(5), pages 453-463.
    Full references (including those not matched with items on IDEAS)

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    Keywords

    grid pricing; risk; simulation;
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