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Optimal Hog Slaughter Weights Under Alternative Pricing Systems

Author

Listed:
  • Boland, Michael A.
  • Preckel, Paul V.
  • Schinckel, Allan P.

Abstract

Three hog genotypes are simulated to determine how producer profits, economically optimal slaughter weights, and carcass component weights change under three pricing models. Live weight pricing pays more for the fatter barrows whereas a three component (separate payments for fat, lean, and byproducts) and six component (separate payments for major primal cuts, other lean, fat, and byproducts) pricing system pay more for the leaner gilts. Implications for selection of genetic stock and pricing system are presented.

Suggested Citation

  • Boland, Michael A. & Preckel, Paul V. & Schinckel, Allan P., 1993. "Optimal Hog Slaughter Weights Under Alternative Pricing Systems," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 25(02), December.
  • Handle: RePEc:ags:joaaec:15033
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    References listed on IDEAS

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    1. Kennedy, John O.S. & Rofe, B.H. & Greig, I.D. & Hardaker, J. Brian, 1976. "Optimal Feeding Policies For Broiler Production: An Application Of Dynamic Programming," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 20(01), April.
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    Cited by:

    1. Greer, Heather C. & Trapp, James N., 2000. "Impact Of Alternative Grid Pricing Structures On Cattle Marketing Decisions," 2000 Conference, April 17-18 2000, Chicago, Illinois 18926, NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management.
    2. Pourmoayed, Reza & Nielsen, Lars Relund & Kristensen, Anders Ringgaard, 2016. "A hierarchical Markov decision process modeling feeding and marketing decisions of growing pigs," European Journal of Operational Research, Elsevier, vol. 250(3), pages 925-938.
    3. Boland, Michael A. & Foster, Kenneth A. & Preckel, Paul V., 1999. "Nutrition And The Economics Of Swine Management," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 31(01), April.
    4. Parsons, Jay R. & Hoag, Dana L. & Frasier, W. Marshall & Koontz, Stephen R., 2002. "Variable Growth Impacts On Optimal Market Timing In All-Out Production Systems," 2002 Annual Meeting, July 28-31, 2002, Long Beach, California 36610, Western Agricultural Economics Association.
    5. repec:eee:agisys:v:162:y:2018:i:c:p:34-45 is not listed on IDEAS
    6. Parsons, Jay R. & Hoag, Dana L. & Koontz, Stephen R., 2001. "Economics Of Variable Swine Growth," 2001 Annual Meeting, July 8-11, 2001, Logan, Utah 36082, Western Agricultural Economics Association.
    7. Huang, Haixiao & Miller, Gay Y., 2004. "Variability In Growth, Pig Weights And Hog Marketing Decisions," 2004 Annual meeting, August 1-4, Denver, CO 19952, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    8. Huang, Haixiao & Miller, Gay Y., 2003. "Manure Value, Pricing Systems, And Swine Production Decisions," 2003 Annual meeting, July 27-30, Montreal, Canada 22233, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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