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Dynamics of Beef Cow Herd Size: An Inventory Approach

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  • John D. Schmitz

Abstract

Cow herd inventories are the primary determinant of beef supply. The principal decisions determining inventories are studied in a dynamic framework. Short-run and long-run impacts of one-time shocks in economic factors influencing culling and replacement decisions are estimated via simulations. Changes in economic factors have the greatest impact on younger members of the herd. These changes have long-term impacts on inventories through their influence on age dynamics. Impacts on age dynamics could influence the cattle cycle. Copyright 1997, Oxford University Press.

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  • John D. Schmitz, 1997. "Dynamics of Beef Cow Herd Size: An Inventory Approach," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(2), pages 532-542.
  • Handle: RePEc:oup:ajagec:v:79:y:1997:i:2:p:532-542
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    File URL: http://hdl.handle.net/10.2307/1244150
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    Cited by:

    1. Mbaga, Msafiri Daudi & Coyle, Barry T., 2003. "Beef Supply Response Under Uncertainty: An Autoregressive Distributed Lag Model," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 28(03), December.
    2. Wang, Dong & Parton, Kevin A. & Deblitz, Claus, 2008. "Impact of potential dairy-beef production on China's beef supply, demand and international trade," Australasian Agribusiness Review, University of Melbourne, Melbourne School of Land and Environment, vol. 16.
    3. Marsh, John M., 2001. "U.S. Feeder Cattle Prices: Effects Of Finance And Risk, Cow-Calf And Feedlot Technologies, And Mexican Feeder Imports," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 26(02), December.
    4. Riley, John Michael & Williams, Brian R., 2013. "Cow-Calf Industry Expansion on the Horizon? Market Signals vs. Outside Factors," 2013 Annual Meeting, February 2-5, 2013, Orlando, Florida 143044, Southern Agricultural Economics Association.
    5. Ball, V. Eldon & Moss, Charles B. & Erickson, Kenneth W. & Nehring, Richard F., 2003. "Modeling Supply Response In A Multiproduct Framework Revisited: The Nexus Of Empirics And Economics," 2003 Annual meeting, July 27-30, Montreal, Canada 21981, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    6. Ge, Wei & Kinnucan, Henry, 2016. "Dynamic analysis of the livestock inventory in Inner Mongolia," 2017 Annual Meeting, February 4-7, 2017, Mobile, Alabama 252723, Southern Agricultural Economics Association.
    7. Chitose, Atsushi & Weaver, Robert D., 2007. "Dynamics of Slaughter Weight Response to Market Price Changes for Japanese Beef Cattle," Japanese Journal of Rural Economics, Agricultural Economics Society of Japan (AESJ), vol. 9.
    8. Marin Bozic & Brian W. Gould, 2009. "Has Price Responsiveness of U.S. Milk Supply Decreased?," Working Papers 0902, The Institute of Economics, Zagreb.

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