The Value of Information Provision at Iowa Feeder Cattle Auctions

Harun Bulut () and John D. Lawrence

No 19004, 2006 Conference, April 17-18, 2006, St. Louis, Missouri from NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management

Abstract: Controlling a variety of feeder cattle characteristics, and market and sale conditions, we estimate that certified vaccinations claims along with at least 30 days weaning claims bring in a premium of $6.13/cwt, which is nearly two times of that for similar uncertified claims, compared to no vaccinations and weaning claims at all in Iowa feeder cattle auctions. This indicates that the third-party certification is supported in the market as a tool to signal quality in terms of vaccinations and weaning claims towards preconditioning.

Keywords: Livestock Production/Industries; Marketing (search for similar items in EconPapers)
Pages: 16
Date: 2006
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:ncrsix:19004

DOI: 10.22004/ag.econ.19004

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