Using Farm-Level Data to Improve Marketing and Planning: An Illustration with Live Hogs

Actual live hog sales data from the Swine Center at Southern Illinois University at Carbondale are used to examine marketing practices and develop a forecasting and budgeting tool. The data show that carcassbased hog sales receive a price premium of $4.35 per live hundredweight. Likewise, hogs marketed at the optimal live weight, 244 pounds, receive a $0.26 per hundredweight premium. The data are also used to develop a futures-based hedging and forecasting model. Price forecasts are used to generate revenue estimates to assist with business planning. The results demonstrate a number of ways producers and agribusinesses can use sales data to improve their marketing and business planning.


Issue Date:
2005
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/190711
Published in:
Journal of the ASFMRA (American Society of Farm Managers and Rural Appraisers), 2005
Page range:
42-49
Total Pages:
8




 Record created 2017-04-01, last modified 2018-01-22

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