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Implications of Feeder Pig Price Variability in Virginia Tele-Auction Markets

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  • Baum, Kenneth
  • Buccola, Steven
  • Fisher, Peter

Abstract

During the last two decades, the feeder pig industry in Virginia has undergone significant growth in the number of pigs sold and in the value of total sales, along with improvement in marketing procedures. From 1959 to 1978, the number of feeder pigs sold in state-sponsored auctions increased from 2,195 to more than 150,000 per year (Virginia Department of Agriculture). Tele-Auction sales, conducted by the Virginia Feeder Kg Association, use a conference telephone system that allows distant buyers to bid for pigs described by lot size, grade, weight, and tail docking. Pigs from various producers are co-mingled into lots that are homogeneous with respect to these characteristics. The Tele-Auction system permits out-of-state buyers to participate easily in sales, thus increasing the demand for Virginia's feeder pigs. In 1979, the Association sponsored 128 sales at 8 locations.

Suggested Citation

  • Baum, Kenneth & Buccola, Steven & Fisher, Peter, 1982. "Implications of Feeder Pig Price Variability in Virginia Tele-Auction Markets," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 14(1), pages 97-103, July.
    • Handle: RePEc:cup:jagaec:v:14:y:1982:i:01:p:97-103_02
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    Cited by:

    1. Turner, Steven C. & Dykes, Nancy S. & McKissick, John C., 1991. "Feeder Cattle Price Differentials In Georgia Teleauctions," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 23(2), pages 1-10, December.

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