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Comparing Carcass End-Point and Profit Maximization Decision Rules Using Dynamic Nonlinear Growth Functions

Author

Listed:
  • Maples, Joshua G.
  • Coatney, Kalyn T.
  • Riley, John Michael
  • Karisch, Brandi B.
  • Parish, Jane A.
  • Vann, Rhonda C.

Abstract

We develop a practical methodology for producers to estimate the optimal harvest time of live animals. We incorporate nonlinear dynamic growth functions into the producer’s objective function. Currently, the cattle industry objective is to produce a constant carcass end-point quality. We find significant increases in profitability using our methodology.

Suggested Citation

  • Maples, Joshua G. & Coatney, Kalyn T. & Riley, John Michael & Karisch, Brandi B. & Parish, Jane A. & Vann, Rhonda C., 2014. "Comparing Carcass End-Point and Profit Maximization Decision Rules Using Dynamic Nonlinear Growth Functions," 2014 Annual Meeting, February 1-4, 2014, Dallas, Texas 162487, Southern Agricultural Economics Association.
    • Handle: RePEc:ags:saea14:162487
    DOI: 10.22004/ag.econ.162487
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    References listed on IDEAS

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    1. Langemeier, Michael R. & Schroeder, Ted C. & Mintert, James R., 1992. "Determinants Of Cattle Finishing Profitability," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 24(2), pages 1-7, December.
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    7. Lawrence, John D. & Wang, Zhi & Loy, Dan, 1999. "Elements of Cattle Feeding Profitability in Midwest Feedlots," Staff General Research Papers Archive 2039, Iowa State University, Department of Economics.
    8. Lawrence, John D. & Wang, Zhi & Loy, Daniel D., 1999. "Elements Of Cattle Feeding Profitability In Midwest Feedlots," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 31(2), pages 1-9, August.
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