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Usefulness of Placement-Weight Data in Forecasting Fed Cattle Marketings and Prices

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  • Norwood, Bailey
  • Schroeder, Ted C.

Abstract

In 1996, the USDA began reporting cattle-on-feed placements in various weight groups, which should provide information regarding expected slaughter timings and improve fed cattle price forecasts and marketing strategies. Private data were collected to obtain the necessary degrees of freedom to test statistical relationships between placement weight distributions, beef supply, and fed cattle prices. Use of placement weights improved beef supply forecasts only at a one-month horizon; it contributed nothing to price forecast accuracy or returns from selectively hedging.

Suggested Citation

  • Norwood, Bailey & Schroeder, Ted C., 2000. "Usefulness of Placement-Weight Data in Forecasting Fed Cattle Marketings and Prices," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 32(1), pages 63-72, April.
    • Handle: RePEc:cup:jagaec:v:32:y:2000:i:01:p:63-72_02
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    References listed on IDEAS

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    1. Ashley, R & Granger, C W J & Schmalensee, R, 1980. "Advertising and Aggregate Consumption: An Analysis of Causality," Econometrica, Econometric Society, vol. 48(5), pages 1149-1167, July.
    2. Kastens, Terry L. & Schroeder, Ted C. & Plain, Ronald L., 1998. "Evaluation Of Extension And Usda Price And Production Forecasts," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 23(1), pages 1-18, July.
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    Cited by:

    1. Lewis T. Cunningham & B. Wade Brorsen & Kim B. Anderson & Emílio Tostão, 2008. "Gender differences in marketing styles," Agricultural Economics, International Association of Agricultural Economists, vol. 38(1), pages 1-7, January.
    2. Norwood, F. Bailey & Roberts, Matthew C. & Lusk, Jayson L., 2002. "How Are Crop Yields Distributed?," 2002 Annual meeting, July 28-31, Long Beach, CA 19733, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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