Determinants of Cattle Finishing Profitability

Determinants of Cattle Finishing Profitability

Data from a western Kansas feedlot were analyzed to estimate the quantitative impacts of price and performance variables on profits per head from finishing cattle. Sale prices, feeder prices, and corn prices had the most impact on profit variability over time. Differences in sale prices, feeder pric...

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Bibliographic Details
Published in:Journal of agricultural and applied economics 1992-12, Vol.24 (2), p.41-47
Main Authors: Langemeier, Michael, Schroeder, Ted, Mintert, James
Format: Article
Language:eng
Subjects:
ANALISIS ESTADISTICO
ANALYSE STATISTIQUE
BENEFICE
BOEUF
BOVIN
BUEY
cattle finishing profitability
cattle performance
COMPORTAMIENTO ECONOMICO
COMPORTEMENT ECONOMIQUE
feedlot closeouts
GANADO BOVINO
GANANCIAS
GENISSE
KANSAS
NOVILLA
PRECIO DIFERENCIAL
PRECIOS DE MERCADO
PRIX DE MARCHE
TARIF DIFFERENTIEL
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Summary:Data from a western Kansas feedlot were analyzed to estimate the quantitative impacts of price and performance variables on profits per head from finishing cattle. Sale prices, feeder prices, and corn prices had the most impact on profit variability over time. Differences in sale prices, feeder prices, and feed conversions were important in explaining the difference in steer and heifer profits over time. Results suggest that breakeven prices should be calculated for a range of fed cattle, feeder, and corn prices, and that these three variables need to be stochastic in representative farm modeling efforts.
ISSN:1074-0708
0081-3052
2056-7405
0081-3052