Future Structure of the Texas Cattle Feeding Industry as Projected by Transition Probabilities Utilizing a Convex Program

Ernest E. Davis

Journal of Agricultural and Applied Economics, 1971, vol. 3, issue 1, 87-93

Abstract: Cattle feeding in Texas has been characterized in the last decade by large increases in cattle marketings and rapid expansion of the number of feedlots with capacities1 greater than 1,000 head [3]. To illustrate this dynamic growth, Texas fed cattle marketings increased by 1,950,000 head from 1962 to 1969 and more than doubled its relative proportion of the total marketed cattle from the twenty-two major feeding states [13]. During the same seven-year period, Texas cattle feedlots with capacities over 1,000 head increased from 120 to 300 [13, 14].

Date: 1971
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