IDEAS home Printed from https://ideas.repec.org/p/ags/ncrfiv/19041.html
   My bibliography  Save this paper

The Value of Carcass Characteristic EPDs in Bred Heifer Price

Author

Listed:
  • Parcell, Joseph L.
  • Dhuyvetter, Kevin C.
  • Patterson, David J.
  • Randle, Richard

Abstract

This study used hedonic modeling to assess the marginal implicit value of bred heifer characteristics and of carcass characteristic expected progeny differences of bred heifer calves. Using data for 692 pens of Show-Me Replacement Heifers Inc. heifers marketed over the 2001 through 2004 period, we find heavier heifers are priced higher than lighter heifers, artificially inseminated heifer pens were premium priced, Angus animals received a premium, pens that are expected to calve at optimal period of the year and within a 30-day window received premiums, calf performance EPD birth weight was positive, only marbling carcass characteristic EPD was positive and significant, buyers prefer larger lots to smaller lots, buyers pay the highest price for lots sold during the mid-point of the sale, and buyers pay a higher price for a pen bred to the same sire. It may be that certain post-weaning carcass characteristics are not of value to buyers because they either sell at weaning or due to the co-mingling of cattle certain expected production capabilities are of little value.

Suggested Citation

  • Parcell, Joseph L. & Dhuyvetter, Kevin C. & Patterson, David J. & Randle, Richard, 2005. "The Value of Carcass Characteristic EPDs in Bred Heifer Price," 2005 Conference, April 18-19, 2005, St. Louis, Missouri 19041, NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management.
  • Handle: RePEc:ags:ncrfiv:19041
    DOI: 10.22004/ag.econ.19041
    as

    Download full text from publisher

    File URL: http://ageconsearch.umn.edu/record/19041/files/cp05pa02.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Ted C. Schroeder & Clement E. Ward & James R. Mintert & Derrell S. Peel, 1998. "Value-Based Pricing of Fed Cattle: Challenges and Research Agenda," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 20(1), pages 125-134.
    2. Dhuyvetter, Kevin C. & Schroeder, Ted C. & Simms, Danny D. & Bolze, Ronald P., Jr. & Geske, Jeremy, 1996. "Determinants Of Purebred Beef Bull Price Differentials," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 21(2), pages 1-15, December.
    3. Turner, Tyler & Dhuyvetter, Kevin C. & Marsh, Thomas L. & Jones, Rodney D., 2004. "Estimating The Economic Values Associated With Epds For Angus Bulls At Auction," 2004 Annual Meeting, June 30-July 2, 2004, Honolulu, Hawaii 36193, Western Agricultural Economics Association.
    4. DeeVon Bailey & Monte C. Peterson & B. Wade Brorsen, 1991. "A Comparison of Video Cattle Auction and Regional Market Prices," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 73(2), pages 465-475.
    5. Parcell, Joseph L. & Schroeder, Ted C. & Hiner, Frina D., 1995. "Determinants Of Cow-Calf Pair Prices," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 20(2), pages 1-13, December.
    6. Mintert, James & Blair, Joanne & Schroeder, Ted & Brazle, Frank, 1990. "Analysis of Factors Affecting Cow Auction Price Differentials," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 22(2), pages 23-30, December.
    7. Bryan E. Melton & W. Arden Colette & Richard L. Willham, 1994. "Imputing Input Characteristic Values from Optimal Commercial Breed or Variety Choice Decisions," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 76(3), pages 478-491.
    8. Schroeder, Ted C. & Mintert, James R. & Brazle, Frank & Grunewald, Orlen C., 1988. "Factors Affecting Feeder Cattle Price Differentials," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 13(1), pages 1-11, July.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Elliott, Lisa M. & Parcell, Joe L. & Patterson, David J., 2013. "Determination of the Value of Minimum Sire Accuracy Traits," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 45(2), pages 259-275, May.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:ncrfiv:19041. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search). General contact details of provider: http://edirc.repec.org/data/dauiuus.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.