The Value of Information Provision at Iowa Feeder Cattle Auctions

Controlling a variety of feeder cattle characteristics, and market and sale conditions, we estimate that certified vaccinations claims along with at least 30 days weaning claims bring in a premium of $6.13/cwt, which is nearly two times of that for similar uncertified claims, compared to no vaccinations and weaning claims at all in Iowa feeder cattle auctions. This indicates that the third-party certification is supported in the market as a tool to signal quality in terms of vaccinations and weaning claims towards preconditioning.

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2006 NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management

 Record created 2017-04-01, last modified 2020-10-28

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