Derived Demand for Cattle Feeding Inputs
Derived demand relationships among four weight categories of feeder cattle entering Texas feedlots and feed were examined using a Generalized McFadden dual cost function specified as an error correction model. Relationships among own- and cross-price elasticities provide evidence for at least two cattle feeding enterprises, feeding lightweight feeder cattle (calves) and feeding heavier cattle. These results indicate systematic differences in demand relationships among the different weight classes, providing explanation and insight into mixed results from earlier studies. Seasonality differed across weight categories, providing additional support for multiple cattle feeding enterprises. A third step was added to the Engle-Granger two-step estimation procedure to incorporate information provided in the second step.
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- Schroeder, Ted C. & Albright, Martin L. & Langemeier, Michael R. & Mintert, James R., 1993. "Determinants of Cattle Feeding Profit and Cost of Gain Variability," Staff Papers 118161, Kansas State University, Department of Agricultural Economics.
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Blackwell, vol. 18(1), pages 53-62, January.
- Kevin C. Dhuyvetter & Ted C. Schroeder, 2000. "Price-Weight Relationships for Feeder Cattle," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 48(3), pages 299-310, November.
- Kalyn T. Coatney & Dale J. Menkhaus & John D. Schmitz, 1996. "Feeder Cattle Price Determinants: An Hedonic System of Equations Approach," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 18(2), pages 193-211.
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