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Within-Sale Price Variation At Cattle And Carcass Auctions

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  • Todd, Mike C.
  • Cowell, M.D.

Abstract

Price variability within cattle and carcass auction sales is examined through two statistical studies. A substantial element of the price variation at the cattle auction examined is found to be due to differences in the cattle-type factors - sex, carcass weight, fatness and breed, and the factors district of origin, lot size and time of sale. Several of these factors are also found to be important explanators of price variation at carcass auctions.

Suggested Citation

  • Todd, Mike C. & Cowell, M.D., 1981. "Within-Sale Price Variation At Cattle And Carcass Auctions," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 25(1), pages 1-18, April.
    • Handle: RePEc:ags:ajaeau:22633
    DOI: 10.22004/ag.econ.22633
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    File URL: https://ageconsearch.umn.edu/record/22633/files/25010030.pdf
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    References listed on IDEAS

    as
    1. Wittenberg, J., 1977. "A Regional Analysis Of Beef - Cattle Prices," Reading Agricultural Economics Archive 272793, University of Reading.
    2. Kelvin J. Lancaster, 1966. "A New Approach to Consumer Theory," Journal of Political Economy, University of Chicago Press, vol. 74(2), pages 132-132.
    3. Hogan, J.C. & Todd, Mike C., 1979. "Empirical Tests Of Spatial And Structural Effects On Cattle Auction Prices," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 23(3), pages 1-15, December.
    4. J.C. Hogan & Mike C. Todd, 1979. "Empirical Tests Of Spatial And Structural Effects On Cattle Auction Prices," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 23(3), pages 176-190, December.
    5. Stephen H. Sosnick, 1963. "Bidding Strategy at Ordinary Auctions," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 45(1), pages 163-182.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Darwell, Greg, 1990. "The Economic Impact of the Ban(s) on Hormonal Growth Promotants: Strategies for Australia," 1990 Conference (34th), February 13-15, 1990, Brisbane, Australia 145004, Australian Agricultural and Resource Economics Society.
    2. Porter, Darrell & Todd, Mike C., 1985. "The Effect Of Carcass Quality On Beef Carcass Auction Prices," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 29(3), pages 1-10, December.
    3. Jun Sung Kim & Sophie Deborah Mitchell & Liang Choon Wang, 2019. "Hedonic pricing and the role of stud fees in the market for thoroughbred yearlings in Australia," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 63(3), pages 439-471, July.
    4. Fleming, E. & Griffith, G. & Mounter, S. & Villano, R., 2018. "The value of muscle score in beef cattle auction markets," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 277334, International Association of Agricultural Economists.
    5. Chenhall, D. & Fraser, R.W. & Lloyd-Smith, J., 1990. "Beef Quality Preferences in Western Australia," Discussion Papers 232272, University of Western Australia, School of Agricultural and Resource Economics.

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    Keywords

    Demand and Price Analysis;

    Statistics

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