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Journal of Agricultural and Resource Economics >
Volume 31, Number 02, August 2006 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/8609
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| Title: | Feeding and the Equilibrium Feeder Animal Price-Weight Schedule |
| Authors: | Hennessy, David A. |
| Keywords: | days on feed
energy use
feed ban
growth hormones
Kleiber's law
ration density
veal market |
| Issue Date: | 2006-08 |
| 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. |
| URI: | http://purl.umn.edu/8609 |
| Institution/Association: | Journal of Agricultural and Resource Economics>Volume 31, Number 02, August 2006 |
| Total Pages: | 23 |
| Language: | English |
| From Page: | 239 |
| To Page: | 261 |
| Collections: | Volume 31, Number 02, August 2006
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