![]() Bidders must physically examine the animal to infer other characteristics, such as its carcass quality or predicted mature weight. Many sales yards do not provide information about an animal other than its weight and breed or breed type. Feeder calf prices depend to a large extent on the prevailing market conditions and on the physical characteristics of the animal for sale (Buccola, 1980). This study considers the impact of breed influence on prices received for calves produced in the Southwest. Agricultural producers are price takers they are dependent on market response to the product put forth. Livestock producers' ability to make sound financial and economic decisions is often constrained by the qualities of the product they are selling. Specifically, a hedonic price model is used to analyze sales data from feeder calf teleauctions in the Southwest over a six-year period. This paper examines price differentials between feeder calves of exotic origin and those of European origin. The use of exotic-origin or Bos indicus cattle in this region allows producers to utilize otherwise unproductive rangeland, as many Bos taurus cattle cannot thrive in semiarid conditions. AbstractĬow-calf producers select for genetic traits that create profitability in their output-feeder calves-but are constrained by environmental factors this is readily apparent in the southwestern United States. ( Print-friendly PDF)Īuthors: Respectively, Assistant Professor, Assistant Professor, and Specialist, Department of Agricultural Economics and Agricultural Business, New Mexico State University, Las Cruces. Lillywhite, Jennifer Simonsen College of Agricultural, Consumer and Environmental Sciences, New Mexico State University.
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