Download or read book Production Uncertainty and Factor Price Disparity in the Slaughter Cattle Market written by Scott Fausti and published by . This book was released on 1994 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book A Short Run Price Forecasting Model for Slaughter Steers and Slaughter Cows in the Pacific Northwest written by Stephen Paul Reed and published by . This book was released on 1982 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: The cattle industry in the Pacific Northwest is characterized by a large number of producers. Individual contributions to the market have little effect in moderating potential fluctuations in the prices received for the various classes of cattle. Price volatility is of constant concern to producers in planning future production, with decisions made in the current period affecting future profitability of the enterprise. Information that will assist in developing strategies to deal with this uncertainty may play a critical role in reducing the risk of continued production. Inherent to this decision making process is a knowledge of the various factors influencing both biological parameters and economic conditions at a future point in time. The econometric models developed in this study attempt to quantify the economic relationships at the farm level, that affect the price received for the live animal. The economic relationships deemed important in this study are the factors influencing the demand and supply of beef cattle. The supply and demand relationships at the feedlot level are included in a model with coefficients estimated to reflect the individual influence of each variable on the price of slaughter steers for the quarter. A necessary condition of this price formulation process is that current supply and demand levels determine current prices. The slaughter steer prices estimated in this procedure are developed to reflect the fluctuations in the Omaha market. This particular location is considered to more accurately reflect the aggregate data for the U.S. used in the price prediction model. The same strategy of using the Omaha market to reflect U.S. aggregated data is employed in developing a model to forecast utility cow prices. The transition to regional price models for the Northwest was accomplished with little difficulty because of the close historical relationship between the two regions. This characteristic was specified in the Northwest steer and cow price models by including the Omaha price for the quarter as the determinant of prices in Oregon and Washington. Forecasted prices from one and two quarter Omaha steer and cow price models were then used in estimating future Northwest prices. The steer prices estimated in this study compared favorably with price forecasting models from seven other sources evaluated by Just and Rausser (1981). Using the percent root mean square error statistic as a method of comparison, the values from their study ranged between 9.9 and 12.9 for a one quarter forecast, and 12.4 and 18.9 for a two quarter projection. The percent root mean square error calculated for Northwest steer price forecasts was 10.09 for the one quarter estimates and 11.08 for the two quarter projections. These results proved promising in developing future price projections. The inclusion of this modeling process, as a management tool in developing s-hort run production strategies, may be used advantageously in reducing the risk and uncertainty associated with the price fluctuations in the live cattle market.

Download or read book Economics Staff Paper Series written by and published by . This book was released on 1979 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Agricultural Competition written by United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Antitrust, Business Rights, and Competition and published by . This book was released on 2001 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Journal of Agricultural and Resource Economics written by and published by . This book was released on 2005 with total page 664 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Journal of Agribusiness written by and published by . This book was released on 2010 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Handbook of Agricultural Economics written by Bruce L. Gardner and published by . This book was released on 2001 with total page 554 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Monthly Checklist of State Publications written by Library of Congress. Exchange and Gift Division and published by . This book was released on 1994 with total page 652 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Southern Economic Journal written by and published by . This book was released on 1995 with total page 1200 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contains section : Book reviews.

Download or read book Publication List Economics Department South Dakota State University Brookings South Dakota written by Janet Wilson and published by . This book was released on 1994 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Acta Polytechnica Scandinavica written by and published by . This book was released on 1999 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Bibliography of Agriculture written by and published by . This book was released on 1975 with total page 1228 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Journal of Economic Literature written by and published by . This book was released on 1996 with total page 1350 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Journal of Agricultural and Applied Economics written by and published by . This book was released on 1993 with total page 1002 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book South Dakota Farm Home Research written by and published by . This book was released on 1994 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book World Agricultural Supply and Demand Estimates written by and published by . This book was released on 2008 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book South Dakota State Library Checklist written by and published by . This book was released on 1994 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: