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Factors Affecting Quality Grade Discounts for Fed Cattle

Hogan, Robert J.,, Jared G. Carlberg, Clement Ward and Derrell S. Peel

No 119814, 2012 Annual Meeting, February 4-7, 2012, Birmingham, Alabama from Southern Agricultural Economics Association

Abstract: Prices for Choice and Select grade fed cattle are derived from wholesale and retail beef markets. Choice-Select price discounts are a key component of fed cattle pricing, whether packers purchase fed cattle on a live weight, dressed weight, or grid. This study identifies supply, demand, and other factors affecting the Choice-Select discount series using an adaptive expectations model. It is found that the lagged value of the discount as well as the percentage grading Choice exert statistically significant influences on the discount, while neither the boxed beef price nor seasonality affect the discount.

Keywords: Choice-Select discount; marketing; prices; quality; Demand and Price Analysis; Marketing (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-agr, nep-com and nep-mkt
Date: 2012-01-17
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