IDEAS home Printed from https://ideas.repec.org/a/cup/jagaec/v54y2022i1p28-52_2.html
   My bibliography  Save this article

Marketing Fed Cattle Based on Expectations of the Underlying Carcass Value Dynamics

Author

Listed:
  • Poss, Madeline
  • Coatney, Kalyn T.
  • Rivera, Daniel
  • Dinh, Thu
  • Little, Randall D.
  • Maples, Josh G.

Abstract

Fed cattle profitability is determined by complicated dynamic processes of body growth, carcass development, and seasonal prices. A structural model is constructed to contend with all these dynamic processes to predict optimal market timing. Informed simulations are conducted and compared to those observed in the data, as well as to a previous model ignoring the evolution of carcass value. The results indicate that significant improvements to profitability are attainable with the new method. The results also indicate the opportunity cost of not accounting for carcass value, even with error, is more severe than when these dynamics are ignored.

Suggested Citation

  • Poss, Madeline & Coatney, Kalyn T. & Rivera, Daniel & Dinh, Thu & Little, Randall D. & Maples, Josh G., 2022. "Marketing Fed Cattle Based on Expectations of the Underlying Carcass Value Dynamics," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 54(1), pages 28-52, February.
    • Handle: RePEc:cup:jagaec:v:54:y:2022:i:1:p:28-52_2
    as

    Download full text from publisher

    File URL: https://www.cambridge.org/core/product/identifier/S1074070821000274/type/journal_article
    File Function: link to article abstract page
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cup:jagaec:v:54:y:2022:i:1:p:28-52_2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kirk Stebbing (email available below). General contact details of provider: https://www.cambridge.org/aae .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.