Relationship Between Attributes Of Beef Cattle Raised Using Ultrasound Technology And Prices Received At The Packers: A Hedonic Price Analysis
Sluggish growth in per capita consumption and a downward pressure on beef price at the farm level has required producers to raise cattle that precisely target the meat attributes desired by consumers. Ultrasound technology can help farmers to produce a carcass with an optimal mix of marbling and muscling, and external fat. The results of this study show a high level of accuracy of ultrasound technology in predicting carcass attributes. An estimated hedonic regression model shows that the carcass attributes are reflected on the implicit beef price. Ultrasound technology helps producers to produce carcass with the desired attributes, thus obtain a higher price.
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- Feenstra, R.C., 1995. "Exact Hedonic Price Indexes," Department of Economics 95-11, California Davis - Department of Economics.
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