Feeding and the Equilibrium Feeder Animal Price-Weight Schedule

David Hennessy

Staff General Research Papers Archive from Iowa State University, Department of Economics

Abstract: The feeder animal price is a derivative in the sense that its value depends upon the price of animals for the consumption market. It also depends upon the biological growth technology and feed costs. Daily maintenance costs are of particular interest to the husbander because they can be avoided through accelerated feeding. In this paper, the optimal feeding path under equilibrium feeder animal prices is established. This analysis is used to gain a better understanding of feeding decisions, regulation in feedstuff markets, and the consequences of genetic innovations. It is shown that days on feed can increase or decrease with a genetic innovation or other improvement in feed conversion efficiency. The structure of comparative prices for feeder animals at different weights, the early slaughter decision, and equilibrium in feeder animal markets are also developed. Feeder animal prices can increase over a weight interval if biological feed efficiency parameters are low over the interval.

Date: 2005-06-15
New Economics Papers: this item is included in nep-agr
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published in Journal of Agricultural and Resource Economics, August 2006, vol. 31 no. 2, pp. 239-261

Downloads: (external link)
http://www2.econ.iastate.edu/papers/paper_12365.pdf (application/pdf)

Related works:
Journal Article: Feeding and the Equilibrium Feeder Animal Price-Weight Schedule (2006)
Working Paper: Feeding and the Equilibrium Feeder Animal Price-Weight Schedule (2005)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:isu:genres:12365

Access Statistics for this paper

More papers in Staff General Research Papers Archive from Iowa State University, Department of Economics Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070. Contact information at EDIRC.
Bibliographic data for series maintained by Curtis Balmer ().