IDEAS home Printed from https://ideas.repec.org/a/cup/jagaec/v55y2023i1p117-132_7.html
   My bibliography  Save this article

Describing Variation in Formula Base Prices for U.S.-Fed Cattle: A Hedonic Approach

Author

Listed:
  • Rogers, Sheppard G.
  • Schroeder, Ted C.
  • Tonsor, Glynn T.
  • Coffey, Brian K.

Abstract

The United States Department of Agriculture Agricultural Marketing Service (USDA AMS) began publishing formula base price information in August 2021. Considerable variation in the types of cattle priced via formula has raised questions about the level of base price transparency that can be gleaned from formula base price reports. This study employs 6 years of transactions to estimate hedonic models assessing the capability of existing data to describe variation in formula base prices. Results suggest factors beyond those reported to USDA AMS by packers influence base prices. We offer suggestions for improved data collection to make hedonic modeling of base prices more effective for reporting market information.

Suggested Citation

  • Rogers, Sheppard G. & Schroeder, Ted C. & Tonsor, Glynn T. & Coffey, Brian K., 2023. "Describing Variation in Formula Base Prices for U.S.-Fed Cattle: A Hedonic Approach," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 55(1), pages 117-132, February.
    • Handle: RePEc:cup:jagaec:v:55:y:2023:i:1:p:117-132_7
    as

    Download full text from publisher

    File URL: https://www.cambridge.org/core/product/identifier/S1074070823000093/type/journal_article
    File Function: link to article abstract page
    Download Restriction: no
    ---><---

    More about this item

    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:cup:jagaec:v:55:y:2023:i:1:p:117-132_7. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Kirk Stebbing (email available below). General contact details of provider: https://www.cambridge.org/aae .

    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.