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A Quantitative Approach to the Feedlot Replacement Decision

Author

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  • Nelson, Kenneth E.
  • Purcell, Wayne D.

Abstract

If all feeder cattle were identical and if all relative prices were constant the feedlot manager would still have an important and difficult decision to make. The decision involves selecting the time at which to replace a pen of cattle on feed with a new pen of feeder cattle such that profit is maximized, over time, to the feeding operation as a whole. Of course, all cattle are far from identical and prices, even relative prices, are never constant. The decision that is not simple with identical cattle and constant prices becomes most difficult with consideration of different types of replacement cattle and varying prices.

Suggested Citation

  • Nelson, Kenneth E. & Purcell, Wayne D., 1972. "A Quantitative Approach to the Feedlot Replacement Decision," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 4(1), pages 143-149, July.
    • Handle: RePEc:cup:jagaec:v:4:y:1972:i:01:p:143-149_01
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    Citations

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    Cited by:

    1. Crane, Donald R. & Spreen, Thomas H., 1980. "A Model of the Stubble Replacement Decision for Florida Sugarcane Growers," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 12(2), pages 55-64, December.
    2. Bentley, Ernest & Waters, James R. & Shumway, C. Richard, 1976. "Determining Optimal Replacement Age of Beef Cows in the Presence of Stochastic Elements," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 8(2), pages 13-18, December.
    3. Nelson, Kenneth E. & Purcell, Wayne D., 1973. "A Comparison Of Liveweight, Carcass And Lean Meat Criteria For The Feedlot Replacement Decision," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 5(2), pages 1-9, December.
    4. McLemore, Dan L. & Butts, W.T., 1979. "Impacts Of Price Changes On Optimal Feeding Periods For Slaughter Yearlings," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 11(2), pages 1-7, December.
    5. Crane, Donald R. Jr. & Spreen, Thomas H., 1979. "A Conceptual Model Of The Stubble Replacement Decision For Florida Sugarcane Growers," 1979 Annual Meeting, July 29-August 1, Pullman, Washington 277828, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    6. Throsby, C.D., 1973. "New Methodologies in Agricultural Production Economics: a Review," 1973 Conference, August 19-30, 1973, São Paulo, Brazil 181385, International Association of Agricultural Economists.

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