Price Determinants for Feeder Cattle in Tennessee

Charles C. Martinez; Christopher N. Boyer; Kenneth H. Burdine

doi:10.1017/aae.2021.24

Price Determinants for Feeder Cattle in Tennessee

Charles C. Martinez, Christopher N. Boyer, Kenneth H. Burdine

Agricultural Economics

Research output: Contribution to journal › Article › peer-review

9 Scopus citations

Abstract

A hedonic model was employed to examine factors impacting feeder cattle prices at a monthly video auction in Tennessee. Home-raised cattle were estimated to have a $2 per cwt. premium and cattle that have been tested for PI-BVDV (persistent infections with bovine viral diarrhea virus) sold for a premium of $1.19 per cwt. We also show how price varies across sale months for steers and heifers, suggesting opportune times to market gender-specific lots. Corn price was interacted with an average weight per head of the lot to show that lighter cattle were negatively affected, while heavier cattle prices were positively affected by increasing corn prices.

Original language	English
Pages (from-to)	552-562
Number of pages	11
Journal	Journal of Agricultural and Applied Economics
Volume	53
Issue number	4
DOIs	https://doi.org/10.1017/aae.2021.24
State	Published - Nov 8 2021

Bibliographical note

Publisher Copyright:
©

Keywords

feeder cattle
hedonic pricing
value-added marketing

ASJC Scopus subject areas

Agricultural and Biological Sciences (miscellaneous)
Economics and Econometrics

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access to Document

10.1017/aae.2021.24

Cite this

@article{13a7f064275f4fbaadc1c13cf7f1e5d4,

title = "Price Determinants for Feeder Cattle in Tennessee",

abstract = "A hedonic model was employed to examine factors impacting feeder cattle prices at a monthly video auction in Tennessee. Home-raised cattle were estimated to have a $2 per cwt. premium and cattle that have been tested for PI-BVDV (persistent infections with bovine viral diarrhea virus) sold for a premium of $1.19 per cwt. We also show how price varies across sale months for steers and heifers, suggesting opportune times to market gender-specific lots. Corn price was interacted with an average weight per head of the lot to show that lighter cattle were negatively affected, while heavier cattle prices were positively affected by increasing corn prices.",

keywords = "feeder cattle, hedonic pricing, value-added marketing",

author = "Martinez, {Charles C.} and Boyer, {Christopher N.} and Burdine, {Kenneth H.}",

note = "Publisher Copyright: {\textcopyright} ",

year = "2021",

month = nov,

day = "8",

doi = "10.1017/aae.2021.24",

language = "English",

volume = "53",

pages = "552--562",

number = "4",

}

TY - JOUR

T1 - Price Determinants for Feeder Cattle in Tennessee

AU - Martinez, Charles C.

AU - Boyer, Christopher N.

AU - Burdine, Kenneth H.

N1 - Publisher Copyright: ©

PY - 2021/11/8

Y1 - 2021/11/8

N2 - A hedonic model was employed to examine factors impacting feeder cattle prices at a monthly video auction in Tennessee. Home-raised cattle were estimated to have a $2 per cwt. premium and cattle that have been tested for PI-BVDV (persistent infections with bovine viral diarrhea virus) sold for a premium of $1.19 per cwt. We also show how price varies across sale months for steers and heifers, suggesting opportune times to market gender-specific lots. Corn price was interacted with an average weight per head of the lot to show that lighter cattle were negatively affected, while heavier cattle prices were positively affected by increasing corn prices.

AB - A hedonic model was employed to examine factors impacting feeder cattle prices at a monthly video auction in Tennessee. Home-raised cattle were estimated to have a $2 per cwt. premium and cattle that have been tested for PI-BVDV (persistent infections with bovine viral diarrhea virus) sold for a premium of $1.19 per cwt. We also show how price varies across sale months for steers and heifers, suggesting opportune times to market gender-specific lots. Corn price was interacted with an average weight per head of the lot to show that lighter cattle were negatively affected, while heavier cattle prices were positively affected by increasing corn prices.

KW - feeder cattle

KW - hedonic pricing

KW - value-added marketing

UR - http://www.scopus.com/inward/record.url?scp=85120079466&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=85120079466&partnerID=8YFLogxK

U2 - 10.1017/aae.2021.24

DO - 10.1017/aae.2021.24

M3 - Article

AN - SCOPUS:85120079466

SN - 1074-0708

VL - 53

SP - 552

EP - 562

JO - Journal of Agricultural and Applied Economics

JF - Journal of Agricultural and Applied Economics

IS - 4

ER -

Price Determinants for Feeder Cattle in Tennessee

Abstract

Bibliographical note

Keywords

ASJC Scopus subject areas

UN SDGs

Access to Document

Other files and links

Fingerprint

Cite this