Incidence of Agro-Climate Variability over Grass-Fed Cattle Markets
The marginal contribution of each of the selected variables was quantified in terms of premiums and discounts and mapped as dynamic iso-price regions that illustrate geographic and seasonal permanent price patterns for feeder cattle, as well as changing market conditions derived from unexpected climate and weather variability. The graphic representation of how price patterns may change with climate variability allows for a better understanding of short term market disequilibrium derived from this type of variability. This may help cattle operators and producers improve farm management and making informed decisions.
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