Factors Affecting Preconditioned Calf Price Premiums: Does Potential Buyer Competition and Seller Reputation Matter?

Date
2015-05-01
Authors
Schulz, Lee
Dhuyvetter, Kevin
Schulz, Lee
Doran, Beth
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Schulz, Lee
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Economics
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Economics
Abstract

Feeder-calf prices are determined by the interaction of many factors. This study uses transaction data from Iowa preconditioned and regular feeder-calf auction sales to quantify the impact of a wide variety of factors, several of which have not been used in previous studies on feeder-calf prices. Notably, market premiums for preconditioned sales versus regular sales, feedlot capacity utilization, and seller reputation are found to be significant factors affecting feeder-calf prices. Estimated coefficients are then used to predict prices to demonstrate how this information can be used in making management and marketing decisions.

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This article is from Journal of Agricultural and Resource Economics 40 (2015): 220.

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