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Full-Text Articles in Other Economics

A Note On First-Price Sealed-Bid Cattle Auctions In The Presence Of Captive Supplies, John M. Crespi, Tian Xia Dec 2015

A Note On First-Price Sealed-Bid Cattle Auctions In The Presence Of Captive Supplies, John M. Crespi, Tian Xia

Economics Publications

The authors present an analytical model of a ϐirst-price sealed-bid cattle auction in which a spot and coordinated markets are interconnected. The model reveals that the conventional wisdom that market coordination negatively affects the bid price in the spot market is an oversimpliϐication. The relationships between key market variables impact bids and bid shading in complex ways. While captive supplies can lead to lower spot prices, the price reductions do not necessarily stem from an increase in market power due to contracting. The model emphasizes the importance of several variables for future empirical studies.


Hog Inventory Breaks A Record, Lee L. Schulz Nov 2015

Hog Inventory Breaks A Record, Lee L. Schulz

Economics Publications

From 2011 through 2014, the lean hog price needed to cover production costs averaged $83 per cwt, as calculated by Iowa State University’s Estimated Livestock Returns. Lower feed costs trimmed the 2015 breakeven price for farrow-to-finish operations to about $66 per cwt. It goes without saying that the market wants to buy more hogs at $66 per cwt than it did at $83. Lower costs let producers increase the herd to get quantity supplied closer to demand.


Watch Cattle Weight Variability, Lee L. Schulz Sep 2015

Watch Cattle Weight Variability, Lee L. Schulz

Economics Publications

Analysts routinely use USDA estimates of feedlot placements by weight groups to project timing of fed cattle marketings. Expected slaughter numbers can help improve fed cattle price forecasts and marketing strategies. However, recent variability in placement weights amplifi es the uncertainty about the current and coming fed cattle market


Perspective Makes A Difference, Lee L. Schulz Jul 2015

Perspective Makes A Difference, Lee L. Schulz

Economics Publications

USDA’S June Hogs and Pigs Report told us where the industry is and where it may be headed. The report showed a big surge in inventories compared to the PEDV-depressed levels a year ago. But inventories aren’t that far out of line with June 2013 levels prior to PEDV.


Assessing The Economic Costs Of Water Pollution In The Yangtze River, China, Xiaoli Zhang Feb 2015

Assessing The Economic Costs Of Water Pollution In The Yangtze River, China, Xiaoli Zhang

Journal of Ocean and Coastal Economics

Water pollution of the Yangtze River basin is very serious. Studies have shown that from the upper to the lower river, the water volume decreases and development and pollution increase, especially in trans-boundary areas. The Yangtze Estuary is located at the intersection of Jiangsu Province and Shanghai where the waters flow directly into the East China Sea. The estuary provides drinking water to many people and serves multiple other functions, including agricultural irrigation, tourism, and aquaculture. It plays a pivotal role in the local social and economic development and in people’s general wellbeing. Directly or indirectly, the pollution of ...


The Economics Of Organic Dairying, Larry F. Tranel Jan 2015

The Economics Of Organic Dairying, Larry F. Tranel

Animal Industry Report

Organic dairy producers (and others who aspire to this profession) need sound economic data and analyses to make decisions. This study analyzed and evaluated the profitability of 10 organic dairies using Dairy TRANS Financial Analysis software. On average, these 10 dairies showed “good” profitability for 2013 but there was a wide range of results. It is hoped this study will assist current and aspiring organic dairy producers to both budget and benchmark their dairy operations to better plan for future profitability. Producers are also urged to consider using the Dairy TRANS Financial Analysis to analyze and further improve dairy profits ...