@article{Mafimisebi:161462,
      recid = {161462},
      author = {Mafimisebi, Taiwo Ejiola and Bobola, O.M. and Mafimisebi,  O.E.},
      title = {Fundamentals of Cattle Marketing in Southwest, Nigeria:  Analyzing Market Intermediaries, Price Formation and Yield  Performance},
      address = {2013},
      number = {309-2016-5133},
      pages = {23},
      year = {2013},
      abstract = {An understanding of how cattle markets work is a  desideratum for sustainable commercialization of cattle  production aimed at increasing accessibility to and  affordability of cattle meat. This study examined the  fundamentals of cattle marketing in Southwest, Nigeria  using primary data collected from 120 respondents selected  through multi-stage sampling technique. Data analytical  tools included descriptive statistics, budgeting and price  formation strategy models. Empirical results showed the  market is dominated by males (87.5%), market intermediaries  less than 50 years (64.0%) who had formal education  (68.0%). The three most important intermediaries were  dealers, retailers and brokers. Transportation accounted  for 74.3% and 46.2% of Total Variable Cost incurred by  dealers and retailers. Cattle marketing was profitable with  gross margin per head of cattle sold being N 6548, N 4,655  and N 2,342.50, respectively, for dealers, retailers and  brokers while profitability ratio was 1.09, 1.07 and 1.03,  respectively. The factors considered important in cattle  price discovery included body condition, payment mode and  type of buyers while breed, seller category and colour were  the least important. Constraints to cattle marketers  included insufficient capital, poor roads and insecurity  identified by 85.0%, 83.3% and 79.7% of the respondents,  respectively. The study concluded that the cattle market is  well organized and that cattle marketing is a fairly  profitable venture and potential employment source.  Strengthening marketing institutions through capacity  building for stakeholders, rail system resuscitation and  fixing of bad roads are recommended as steps necessary to  enhance the commercialization and performance of cattle  marketing.},
      url = {http://ageconsearch.umn.edu/record/161462},
      doi = {https://doi.org/10.22004/ag.econ.161462},
}