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Determinants Of Purebred Beef Bull Price Differentials

Author

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  • Dhuyvetter, Kevin C.
  • Schroeder, Ted C.
  • Simms, Danny D.
  • Bolze, Ronald P., Jr.
  • Geske, Jeremy

Abstract

Bulls are an important investment for commercial beef cattle producers since, over time, bulls introduce most of the new genetic attributes into typical beef cow herds. Therefore, heritable bull traits determine bull prices. Bulls possess a large number of traits to consider in pricing. In recent years, new measures of both qualities have been introduced in the form of expected progeny differences (EPDs). This study estimates market values associated with specific bull attributes, recently introduced EPDs, and bull sale marketing efforts. Important bull price determinants include bull color, polled, conformation, muscling, disposition, age, birth weight, weaning weight, milk EPD, birth and weaning weight EPDs, sale location, order bull was sold, whether the bull had a picture in the sale catalog, and whether a percentage of semen rights were retained by the seller.

Suggested Citation

  • Dhuyvetter, Kevin C. & Schroeder, Ted C. & Simms, Danny D. & Bolze, Ronald P., Jr. & Geske, Jeremy, 1996. "Determinants Of Purebred Beef Bull Price Differentials," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 21(02), December.
  • Handle: RePEc:ags:jlaare:31030
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    File URL: http://purl.umn.edu/31030
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    References listed on IDEAS

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    Cited by:

    1. Holt, John D. & Fields, Deacue & Prevatt, J. Walter & Kriese-Anderson, Lisa, 2004. "Producer Valuation Of Herd Bull Characteristics," 2004 Annual meeting, August 1-4, Denver, CO 20214, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Gilles Saint-Paul, 2003. "Economic aspects of human cloning and reprogenetics," Economic Policy, CEPR;CES;MSH, vol. 18(36), pages 73-122, April.
    3. J. Shannon Neibergs, 2001. "A hedonic price analysis of thoroughbred broodmare characteristics," Agribusiness, John Wiley & Sons, Ltd., vol. 17(2), pages 299-314.
    4. Parcell, Joseph L. & Schaefer, Daniel & Patterson, David J. & John, Mike & Kerley, Monty S. & Haden, Kent, 2008. "Assessing the Value of Coordinated Sire Genetics in a Synchronized AI Program," 2008 Conference, April 21-22, 2008, St. Louis, Missouri 37618, NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management.
    5. Pierce, Vern L. & Parcell, Joseph L. & Randle, Richard & Patterson, David J., 1999. "Determinants Of Sale Price And Farm Value In The Missouri Show-Me Select Replacement Heifer Program," 1999 Annual meeting, August 8-11, Nashville, TN 21545, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    6. Bekkerman, Anton & Brester, Gary W. & McDonald, Tyrel J., 2013. "A Semiparametric Approach to Analyzing Differentiated Agricultural Products," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 45(01), February.
    7. Jones, Rodney & Turner, Tyler & Dhuyvetter, Kevin C. & Marsh, Thomas L., 2008. "Estimating the Economic Value of Specific Characteristics Associated with Angus Bulls Sold at Auction," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 40(01), pages 315-333, April.
    8. Vickner, Steven S. & Koch, Stephen I., 2001. "Hedonic Pricing, Information, And The Market For Thoroughbred Yearlings," Journal of Agribusiness, Agricultural Economics Association of Georgia, vol. 19(2).
    9. Lillywhite, Jay M. & Simonsen, J., 2008. "Understanding Factors That Influence Breeders to Sell Bulls at Performance Tests," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 40(03), December.
    10. Lambert, David K., 2008. "The expected utility of genetic information in beef cattle production," Agricultural Systems, Elsevier, vol. 99(1), pages 44-52, December.
    11. Parcell, Joseph L. & Dhuyvetter, Kevin C. & Patterson, David J. & Randle, Richard, 2005. "The Value of Carcass Characteristic EPDs in Bred Heifer Price," 2005 Conference, April 18-19, 2005, St. Louis, Missouri 19041, NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management.
    12. Schulz, Lee L. & Dhuyvetter, Kevin C. & Doran, Beth, 2014. "Factors Affecting Preconditioned Calf Price Differentials: How much do Market and Sale Conditions Matter?," 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota 170570, Agricultural and Applied Economics Association.
    13. Vanek, Joseph K. & Watts, Myles J. & Brester, Gary W., 2008. "Carcass Quality and Genetic Selection in the Beef Industry," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 33(3), December.
    14. Taylor, Mykel R. & Dhuyvetter, Kevin C. & Kastens, Terry L. & Douthit, Megan & Marsh, Thomas L., 2006. "Show Quality Quarter Horse Auctions: Price Determinants and Buy-Back Practices," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 31(03), December.
    15. Robertson, Jessica & Parcell, Joseph L., 2006. "Value Added to the Beef Cattle Chain through Genetic Management," 2006 Annual Meeting, February 5-8, 2006, Orlando, Florida 35345, Southern Agricultural Economics Association.
    16. Hufton, Charlie & Griffith, Garry R. & Mullen, John D., 2008. "The influence of weight and fat on lamb prices revisited," 2008 Conference (52nd), February 5-8, 2008, Canberra, Australia 6021, Australian Agricultural and Resource Economics Society.

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    Keywords

    Demand and Price Analysis;

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