Effect of Location Variables on Feeder Calf Basis at Oklahoma Auctions

Shannon Mallory, Eric DeVuyst, Kellie Raper, Derrell Peel and Gant Mourer

Journal of Agricultural and Resource Economics, 2016, vol. 41, issue 3, 13

Abstract: Past research has reported differences in feeder cattle prices received due to location of sale barns, but little is reported on the source of those differences.We developed a feeder calf hedonic pricing model that includes location-specific characteristics. Local factors may affect transaction costs for buyers and sellers, impacting the basis. Results show that basis increased $0.64/cwt for every 100,000 acres of wheat within a 100-mile radius. Basis decreased $0.07 per mile from four-lane roads. Basis decreased $1.99 per 1% of value-added volume. The impact of lot size, weight, hide color, frame, gender, and other phenotypic characteristics were also analyzed.

Keywords: Livestock; Production/Industries (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:jlaare:246171

DOI: 10.22004/ag.econ.246171

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