A Price Analysis of the Ogden and Los Angeles Livestock Markets for Slaughter and Feeder Cattle, 1956-1960

One of the major objectives of every farmer, rancher, or feedlot operator is that of trying to maximize profits by marketing their cattle for greatest net returns. For this reason, it is very important at which market the producer decides to sell his cattle, Local supply and demand conditions are constantly causing prices and price differentials between markets to fluctuate, making the decision of choosing the market which will yield the greatest net return rather difficult

Simulation of regional product and income with emphasis on Iowa, 1954-1974

To simulate the growth of a region\u27s product and income is to create the data that describe the evolution of a regional economic system. In this study the data pertain to the Iowa economy for the 20-year period - 1954 to 1974. They are presented for two primary purposes - to illustrate (a) the effects of major market and technological trends on a state or regional economy and (b) the uses of social accounting data in state or regional development and planing. Estimates of the gross Iowa product are presented to show its changing composition over the 1954-74 period. In addition, a system of economic relationships is used to generate year-to-year changes in specific components of Iowa\u27s gross product. The Iowa data show the principal structural features of the state\u27s economy. In 1954, for example, the gross Iowa product (i.e., the value added by economic activity in Iowa) was 5.6 billion dollars, of which 4.5 billion dollars was in the form of personal income payments. Thus, the 1954 gross state product of $2,090 per capita was sufficient to allow for an average personal income of$1,690, given a total Iowa population of 2,665,000. By 1974, the Iowa gross product will reach 9.5 billion dollars (in constant 1954 dollars) - an increase over the 20-year period of 2.7 percent per year, compounded annually - according to the benchmark projections. Total population in 1974 is estimated at 2,852,400, an increase of only 1/3 percent per year. Per-capita personal income would reach 2,560 dollars per person, while projected gross investment would reach 2.2 billion dollars