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Accuracy Of Grid Pricing: An Evaluation Using Wholesale Values Of Fed Cattle

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  • Kovanda, Joseph T.
  • Schroeder, Ted C.
  • Wheeler, Tommy L.

Abstract

Grid pricing is one of the beef industry's answers to improving value coordination in fed cattle transactions. This paper constructs individual carcass-level grid and wholesale beef values. These values are used to evaluate the level of value communication that occurs between wholesale and grid values of beef. Furthermore, the values are used to estimate grid premiums/discounts that improve value communication. Results indicate that value coordination could be improved by modifying grid premiums/discounts.

Suggested Citation

  • Kovanda, Joseph T. & Schroeder, Ted C. & Wheeler, Tommy L., 2004. "Accuracy Of Grid Pricing: An Evaluation Using Wholesale Values Of Fed Cattle," 2004 Conference, April 19-20, 2004, St. Louis, Missouri 19023, NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management.
  • Handle: RePEc:ags:ncrfou:19023
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    File URL: http://purl.umn.edu/19023
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    Cited by:

    1. Riley, John Michael & Schroeder, Ted C. & Wheeler, Tommy L., 2005. "Valuing Fed Cattle Using Slice Shear Force Measurements," 2005 Annual Meeting, July 6-8, 2005, San Francisco, California 36313, Western Agricultural Economics Association.

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    Keywords

    Marketing;

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