Effect of Location Variables on Feeder Calf Basis at Oklahoma Auctions
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Past research has reported differences in feeder cattle prices received due to location of sale barns,
but little is reported on the source of those differences.We developed a feeder calf hedonic pricing
model that includes location-specific characteristics. Local factors may affect transaction costs
for buyers and sellers, impacting the basis. Results show that basis increased $0.64/cwt for every
100,000 acres of wheat within a 100-mile radius. Basis decreased $0.07 per mile from four-lane
roads. Basis decreased $1.99 per 1% of value-added volume. The impact of lot size, weight, hide
color, frame, gender, and other phenotypic characteristics were also analyzed.