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An evaluation of hog carcass merit pricing systems

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  • Ted C. Schroeder

    (Agricultural Economics, Kanas State University)

Abstract

Live hog prices must reflect end-use pork value to efficiently convey market information from consumers to producers. Precise end-use value is excessively costly to trace for each carcass given current technology. As such, pricing structures must be based upon carcass merit information that is correlated with end-use value. In this study, a model to value hog carcasses based upon carcass characteristics is estimated. The model is used to evaluate the pricing structures of five hog slaughterers. The results indicate that although some packers pricing schedules are highly consistent with estimated end-use values others are less consistent. © 1993 John Wiley & Sons, Inc.

Suggested Citation

  • Ted C. Schroeder, 1993. "An evaluation of hog carcass merit pricing systems," Agribusiness, John Wiley & Sons, Ltd., vol. 9(4), pages 339-350.
    • Handle: RePEc:wly:agribz:v:9:y:1993:i:4:p:339-350
    DOI: 10.1002/1520-6297(199307)9:4<339::AID-AGR2720090405>3.0.CO;2-5
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    References listed on IDEAS

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    1. Menkhaus, Dale J. & Whipple, Glen D. & Field, Ray A., 1988. "Some Consumers Will Pay Extra for Lean Beef," Choices: The Magazine of Food, Farm, and Resource Issues, Agricultural and Applied Economics Association, vol. 3(2), pages 1-2.
    2. Manuey, Sean & Brorsen, B. Wade & Akridge, Jay T., 1991. "A Component Pricing System For Pork," 1991 Annual Meeting, August 4-7, Manhattan, Kansas 271067, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. Marvin L. Hayenga & Barbara S. Grisdale & Robert G. Kauffman & H. Russell Cross & Lauren L. Christian, 1985. "A Carcass Merit Pricing System for the Pork Industry," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 67(2), pages 315-319.
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    Cited by:

    1. Martinez, Stephen W. & Zering, Kelly D., 2004. "Pork Quality And The Role Of Market Organizaton," Agricultural Economic Reports 33973, United States Department of Agriculture, Economic Research Service.

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