Market Coordination in the Beef Stocker Sector: Short and Long Run Implications of Higher Corn Prices

Beef industry sectors are coordinated by a relatively subtle combination of absolute price levels and price relationships across feeder cattle weights. This paper presents a conceptual framework to understand market based coordination of production in the beef industry. The paper illustrates with examples from history and discusses the implications of permanently higher corn prices.Cattle Markets, Stocker Cattle, Market Coordination, Marketing,

THE MEXICAN CATTLE AND BEEF INDUSTRY: DEMAND, PRODUCTION, AND TRADE

Livestock Production/Industries,

Implementation of Country of Origin Labeling (COOL) in the Beef Industry

Food Consumption/Nutrition/Food Safety, International Relations/Trade, Q13, Q18,

Determining the Variation in Certified Preconditioning Premiums for Heifers and Steer

This study applies separate hedonic models to Oklahoma Quality Beef Network data to determine differences in the value of preconditioning premiums for steers versus heifers. Results indicate that preconditioning values are generally lower for heifers but exceed steer premiums at higher weights. Separate treatment of steers and heifers is validated.Preconditioning, Steers, Heifers, Marketing,

Determining the Feasibility of Yellow Corn Production in Mexico

Mexico produces large quantities of white corn for human consumption. Yellow corn production, mostly used for feed, has increased lately. Driving factors include higher domestic demand (growing livestock industry) and greater international demand (ethanol industry). This study uses enterprise budgeting to determine the feasibility of producing yellow corn in Mexico.Yellow corn, White corn, Mexico, Production Economics,

The Mexican Animal Identification System: Current Situation, Problems, and Potential

Mexico initiated a federal animal identification (ID) system (SINIIGA) in 2003. The program is administered by an agency of the federal Department of Agriculture (SAGARPA) and has been used primarily to support a federal subsidy program for livestock producers. The program is conceptually well designed, but implementation thus far falls short of the potential and needs, most importantly in animal disease management. Although substantial numbers of animals have been tagged, relatively little progress has been made in developing a usable animal ID information system. Animal health officials currently are not actively involved in the development and use of the system.Mexican animal ID system, livestock, Mexico, Agribusiness, Agricultural and Food Policy, Farm Management, International Development, Livestock Production/Industries, Political Economy, Q13, Q18,

Economic Impacts of Restricted Animal Movements in Mexico Due to Increased Mexican Regional Bovine Health Criteria

Tuberculosis restrictions on animal movement have important implications for Mexican producers and consumers as well as the U.S. beef cattle industry. The restrictions cause decreased Mexican cattle exports, increased domestic fed beef production, and decreased fed beef imports. The Mexican beef industry incurs greater costs due to increased interregional cattle and meat shipments and changes in regional beef cattle production in Mexico.Livestock Production/Industries,

Linkages between Shanghai and Hong Kong stock indices

This paper examines the dynamics of the linkages between Shang- hai and Hong Kong stock indices. While the volatility linkage is anal- ysed by a multivariate GARCH framework, the linkage of returns is examined using a copula approach. Eight different copula functions are applied in this study including two time-varying copulas which capture the time varying process of the linkage. The results show sig- nificant tail dependence of the returns in the two markets.

WILL COUNTRY-OF-ORIGIN LABELING (COOL) BE 'COOL' FOR THE U.S. MEAT INDUSTRY?

The study develops a Muth-type equilibrium displacement model that is able to estimate impacts of COOL on multistage beef production system and its trade relations. The model includes equilibrium conditions of each production stage with consideration of trade and market structure. A unique feature of this model is that it allows for retailer's oligopsony power separately from processor's market power. Simulation results indicate that the cost of COOL would outweigh the overall industry benefit unless COOL leads to low cost increases and more than a 10% increase in consumers' willingness to pay. The COOL provision is expected to have relatively smaller negative impact on cow-calf producers, backgrounders, and feedlots than on packers and retailers.International Relations/Trade,

Cow-Calf Farm Management: Farm survey evidence from 2007

This study describes and compares cow-calf operations and assesses their relative competitiveness, developing performance measures for a sample of U.S. farms. We find that larger operations tend to be significantly more scale and technically efficient than smaller operations. However, we do not find significant differences in net farm returns by size except on medium large operations—showing virtually no net return on farm assets in 2007. While larger operations are clearly more scale and technically efficient and have lower variable costs per cow, off-farm income makes smaller operations competitive as reflected in higher household returns than all size groups--except for very large cow-calf operations.Cow-calf, performance measures, technical efficiency, Farm Management, Production Economics, Research Methods/ Statistical Methods,