20 research outputs found

    Economic Evaluation of Parasite Control in Swine A Case of Ivomec

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    Economic losses, increased cost and/or decreased revenue, associated with disease outbreaks or parasites in swine are significant [2, 3 and 4]. Knowledge of economic implications of disease presence is needed in making hog production health management decisions. The adverse economic and production effi^ts of internal and external parasitism. in swine are well-recognized. In the. past, data limitations have made it difficult to quantify the effect of parasite control on grow-finish and reproduction performance in swine. Average daily gain decreases from 5-15% from mange infestations have been reported by several, researchers. Similarly, internal parasitism has been demonstrated to cause substantial economic losses without precipitating significant clinical disease or death of affected swine. These insidious losses cause millions of dollars in losses to the United States and world swine industry each year

    Transforming Commodity Animal Agriculture : How Easy?

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    Relentless technological change and intermediate market failure are re-shaping the supply chain for fresh meat. Investment over the last twenty years has primarily been in fixed assets that lower the shutdown price point and lead to structuralized overproduction of commodities. To avoid the non-sustainable approach of a single minded strategy focused on cost reduction, firms are focusing on value-added and branding approaches which present problems with search costs and supply risk. A coordination phase is emerging where firms are experimenting with both contractual and integrated approaches to acquire large supplies of raw materials that support branding attributes. Information sharing is crucial to overcome these problems but oligopoly competitors resist it due to the potential for competitive disadvantage. A new supply chain is beginning to emerge, focused on consumer demand but its implementation is proceeding slowly.Includes bibliographical referenc

    Three articles concerning risk management in the meat industry

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    Formulating strategies to mitigate price risk has become a major concern for meat industry managers. Increased price volatility and the demand for fixed price commitments from large buyers present wholesalers with growing challenges to remaining both competitive and profitable;The first two articles examine cross-hedging as a potential means to hedge price risks for beef and pork products (respectively) which do not have a corresponding futures contract. Hedging ratios are developed using simple linear regression techniques for a variety of commonly purchased meat products. An estimation and description of the basis risk involved in hedging these products is also presented. Finally, examples of typical cross-hedging strategies using the results obtained in each article are developed and discussed;The third article incorporates profit target motives and meat industry manager's feelings regarding deviations from these targets into the formulation of purchasing and inventory strategies. A risk-return model of purchase strategy is developed such that risk is measured with reference to expected outcomes below target, and return is measured with reference to expected outcomes above target.</p
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