Feeding and the Equilibrium Feeder Animal Price-Weight Schedule

David Hennessy

Journal of Agricultural and Resource Economics, 2006, vol. 31, issue 2, 23

Abstract: Feeder animal prices depend on fed animal prices, the biological growth technology, and feed costs. In addition, daily maintenance costs can be avoided through accelerated feeding. These observations allow us to model optimal feeding under equilibrium feeder animal pricing. Our model enables a better understanding of regulation in feedstuff markets. The feeder animal price-weight schedule is likely decreasing and convex in weight. Prices for animals with better growth potential should be less sensitive to feed and fed animal prices. Prices for lighter animals should be more sensitive to these prices. Regression analyses on Southern Great Plains cattle prices provide support for this model.

Keywords: Livestock; Production/Industries (search for similar items in EconPapers)
Date: 2006
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Citations: View citations in EconPapers (2)

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Related works:
Working Paper: Feeding and the Equilibrium Feeder Animal Price-Weight Schedule (2005)
Working Paper: Feeding and the Equilibrium Feeder Animal Price-Weight Schedule (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:jlaare:8609

DOI: 10.22004/ag.econ.8609

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