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A Practical Computer Method for Pricing Pork Carcasses and Hogs

Author

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  • John E. Ikerd
  • Charles L. Cramer

Abstract

Inefficiencies in the production-marketing system for hogs are due in part to inaccurate derivation of live hog values from expected wholesale cut values. The evaluation method presented in this paper is accurate, objective, and practical when compared to a method used by a progressive firm in the industry. Time series price data and cross sectional carcass data are utilized in a two-step least squares procedure to estimate carcass value, associated with a given set of wholesale prices, on an individual carcass basis. This method, if used extensively, should lead to improvement in the hog marketing system.

Suggested Citation

  • John E. Ikerd & Charles L. Cramer, 1970. "A Practical Computer Method for Pricing Pork Carcasses and Hogs," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 52(2), pages 242-246.
    • Handle: RePEc:oup:ajagec:v:52:y:1970:i:2:p:242-246.
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    File URL: http://hdl.handle.net/10.2307/1237495
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    Cited by:

    1. Chabluk, Terrance P. & Beaton, Norman J., 1985. "Alternative Pork Carcass Evaluation Procedures in Reference to the Canadian Index 100 System," Working Papers 243868, Agriculture and Agri-Food Canada.
    2. Griffith, Garry R. & Giles, L.R., 1977. "Pig Carcase Pricing Models: A Preliminary Investigation," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 45(04), pages 1-13, December.

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