@article{Janzen:252844,
      recid = {252844},
      author = {Janzen, Matthew and Coatney, Kalyn T. and Rivera, Daniel  and Harri, Ardian and Riley, John Michael and Busby,  Darrell and Groves, Matt},
      title = {Fed Cattle Marketing: A Field Experiment},
      address = {2017-01-19T05:05:24Z},
      number = {1377-2016-109888},
      pages = {22},
      month = {Jan},
      year = {2017},
      abstract = {To improve meat quality and consistency, cattle feeders  have moved towards implementing marketing strategies based  on visual estimates of physiological characteristics (e.g.  0.5 inches backfat).  Recognizing that physiological  targets will not necessarily result in profit maximization;  this research aims to develop a market timing method  accounting for animal growth, output price and cost  dynamics to enhance the likelihood of maximizing profit on  an individual basis.  A natural field experiment in Iowa is  utilized to evaluate the potential for the new methodology.   One hundred twenty three cattle are randomly assigned into  each treatment.  The first treatment consists of marketing  an individual when it attains a visual estimate of 0.5  inches of backfat (EPM).  The second treatment consists of  marketing an individual when its value of the marginal  product equals marginal factor costs (PMR).  Profit between  treatments is compared utilizing three methods: realized,  uniform carcass base price, and uniform cash prices.},
      url = {http://ageconsearch.umn.edu/record/252844},
      doi = {https://doi.org/10.22004/ag.econ.252844},
}