Using Genetic Testing to Improve Fed Cattle Marketing Decisions

Nathanael Thompson, Eric DeVuyst, B Brorsen and Jayson Lusk

Journal of Agricultural and Resource Economics, 2016, vol. 41, issue 2

Abstract: We estimate the value of using genetic information to make fed cattle marketing decisions. Efficiency gains result from sorting cattle into marketing groups, including more accurate optimal days-on-feed and reduced variability of returns to cattle feeding. The value of using genetic information to selectively market cattle ranged from $1–$13/head depending on how a producer currently markets cattle and the grid structure. Although these values of genetic information were generally higher than those reported in previous research, they were still not enough to offset the current cost of genetic testing (about $40/head).

Keywords: Livestock Production/Industries; Marketing; Risk and Uncertainty (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (2)

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https://ageconsearch.umn.edu/record/235191/files/J ... Thompson_286-306.pdf (application/pdf)

Related works:
Working Paper: Using Genetic Testing to Improve Fed Cattle Marketing Decisions (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:jlaare:235191

DOI: 10.22004/ag.econ.235191

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