IDEAS home Printed from https://ideas.repec.org/a/ags/jlofdr/27602.html
   My bibliography  Save this article

Stochastic Simulation Of A Small-Scale Meat Packing Plant

Author

Listed:
  • Falk, Constance L.

Abstract

A small-scale meat packing plant selling lambs and steers in northern New Mexico was analyzed in three Monte Carlo simulations. The monthly distributions of steer liveweights and prices at the feedlot were fit and the parameters estimated. The distributions were correlated between liveweights and prices each month and between all monthly prices. An annual distribution of lamb liveweights was also fit. The three simulations assumed that retail prices of beef in northern New Mexico were comparable to the national average, minimum and maximum weighted prices. If minimum national beef prices are used, there is a better than 50 percent probability that net profits will be negative every month except June-September. In January-May and November, there is a greater than 90 percent chance that net profits before taxes will be negative. When maximum prices are used there is a slight chance that net profits before taxes will be negative.

Suggested Citation

  • Falk, Constance L., 1994. "Stochastic Simulation Of A Small-Scale Meat Packing Plant," Journal of Food Distribution Research, Food Distribution Research Society, vol. 25(2), pages 1-8, September.
    • Handle: RePEc:ags:jlofdr:27602
    DOI: 10.22004/ag.econ.27602
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/27602/files/25020039.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.27602?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Kazmierczak, Tamra Kirkpatrick & Bell, James B., 1992. "Niche Marketing Opportunities Through Lamb Cooperatives," Research Reports 313035, United States Department of Agriculture, Rural Development.
    2. Brasington, Clayton F. Jr, & Hammons, Donald R., 1976. "Layout Guide for Small Meat Plants," Marketing Research Reports 313771, United States Department of Agriculture, Agricultural Marketing Service, Transportation and Marketing Program.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Nudell, Daniel J. & Petry, Timothy A., 1997. "Feasibility Of Operating A Lamb Slaughter Plant In North Dakota," Agricultural Economics Reports 23202, North Dakota State University, Department of Agribusiness and Applied Economics.
    2. Nudell, Daniel J. & Kraenzel, David G. & Petry, Timothy A. & Faller, Timothy & Hughes, Harlan G. & Brown, Erin, 1999. "A Preliminary Feasibility For Establishing A Multi-Species Meat Processing Plant In Southwestern North Dakota," Agricultural Economics Reports 23293, North Dakota State University, Department of Agribusiness and Applied Economics.
    3. Duewer, Lawrence A. & Nelson, Kenneth E., 1991. "Beefpacking and Processing Plants: Computer-Assisted Cost Analysis," Staff Reports 278515, United States Department of Agriculture, Economic Research Service.

    More about this item

    Keywords

    Agribusiness;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:jlofdr:27602. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/fdrssea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.