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Price Determinants of Bred Cows

Author

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  • Mitchell, James L.
  • Peel, Derrell S.
  • Brorsen, B. Wade

Abstract

Hedonic modeling of Oklahoma cow auction data is used to determine the market value of bred cow characteristics. We use Agricultural Marketing Service data that let us consider more years and more lots of cattle than is typical for a cattle hedonic study. The greatest price premiums were for black, late-gestating cows, categorized as high quality by market reporters and weighing between 1,600 and 1,700 lb. Previous research on optimal cow size finds much smaller-size cows are optimal, and our research finds that larger cows receive a lower price per pound but still receive a substantially higher price per head.

Suggested Citation

  • Mitchell, James L. & Peel, Derrell S. & Brorsen, B. Wade, 2017. "Price Determinants of Bred Cows," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 50(1), November.
    • Handle: RePEc:ags:joaaec:355375
    DOI: 10.22004/ag.econ.355375
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    Cited by:

    1. Calil, Yuri Clements Daglia & Ribera, Luis A. & Anderson, David P. & Koury Filho, William, 2022. "Pure-bred Nellore Prices in Brazil: Morphological, Genetic, Physical, and Market Factors in Auctions," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 47(3), September.
    2. Leslie J. Verteramo Chiu & Loren W. Tauer & Yrjo T. Gröhn, 2022. "Pricing efficiency in livestock auction markets: A two‐tier frontier approach," Agricultural Economics, International Association of Agricultural Economists, vol. 53(S1), pages 139-151, November.
    3. Fantu Bachewe & Derek Headey & Bart Minten, 2023. "Price predictors in an extended hedonic regression framework: An application to wholesale cattle markets in Ethiopia," Agricultural Economics, International Association of Agricultural Economists, vol. 54(2), pages 289-306, March.
    4. Worley, Julian M. & Dorfman, Jeffrey H. & Russell, Levi A., 2021. "Are Cattle Genetics Priced to Reflect Carcass Value?," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 46(01), January.
    5. Bir, Courtney & DeVuyst, Eric A. & Rolf, Megan & Lalman, David, 2018. "Optimal Beef Cow Weights in the U.S. Southern Plains," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 43(01), January.
    6. Boyer, Christopher & Griffith, Andrew P. & Thompson, Jada M. & Rhinehart, Justin & Burdine, Kenneth H., 2022. "Bred Heifer Price Determinants in the Southeast," Journal of Applied Farm Economics, Purdue University, vol. 3(2), May.

    More about this item

    Keywords

    Livestock Production/Industries;

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