Journal Article

The Effects of Breeding Stock Productivity on the U.S. Beef Cattle Cycle

John M. Marsh

in American Journal of Agricultural Economics

Published on behalf of Agricultural and Applied Economics Association

Volume 81, issue 2, pages 335-346
Published in print May 1999 | ISSN: 0002-9092
Published online May 1999 | e-ISSN: 1467-8276 | DOI: http://dx.doi.org/10.2307/1244585
The Effects of Breeding Stock Productivity on the U.S. Beef Cattle Cycle

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The effects of breeding stock productivity on the U.S. beef cattle cycle were econometrically estimated. Growth in output per beef cow was hypothesized to impact inventory response via cattle prices and marketing alternatives. Beef productivity included carcass weights of steers, heifers, and cull cows but excluded carcass weights of dairy cattle and cattle imports. Results indicate that from ten years to an equilibrium period, the beef cow herd averaged 0.5% to 2.5% smaller compared to if zero productivity growth had occurred. In addition, productivity growth decreased the inventory elasticity of supply by 18% between 1960–74 and 1975–96.

Keywords: beef-cow productivity; cattle cycle; stock adjustments; Q110

Journal Article.  0 words. 

Subjects: Agricultural Economics

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