Profit Maximizing Behavior On the Fed Cattle Grid: The Value of Pre-harvest and Genetic Sorting with Implications for Aggregate Supply
| dc.creator | Wang, Chia-Hsing | |
| dc.creator | Roe, Brian E. | |
| dc.date | 2017-04-01T19:24:50Z | |
| dc.date.accessioned | 2026-07-09T03:32:09Z | |
| dc.description | We simulate the growth and quality changes for pens of cattle and derive the value of pre-harvest sorting and genetic selection under grid pricing in a deterministic setting featuring animals with heterogeneous growth and quality maturation paths. The key findings are: 1) both pre-harvest sorting and increased genetic uniformity could substantially affect an individual cattle feeder's net revenues; 2) one could expect higher marginal revenue gains from the genetic uniformity than from pre-market sorting; 3) both methods exhibit diminishing marginal returns and 4) aggregate beef supply may increase as improving uniformity typically leads to later optimal marketing dates and, hence, heavier animals at slaughter. | |
| dc.identifier | doi:10.22004/ag.econ.20611 | |
| dc.identifier | https://ageconsearch.umn.edu/record/20611/files/sp01wa01.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/20611 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/534491 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/20611 | |
| dc.title | Profit Maximizing Behavior On the Fed Cattle Grid: The Value of Pre-harvest and Genetic Sorting with Implications for Aggregate Supply | |
| dc.type | Text |