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The Effects of Breeding Stock Productivity on the U.S. Beef Cattle Cycle

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  • John M. Marsh

Abstract

The effects of breeding stock productivity on the U.S. beef cattle cycle were econometrically estimated. Growth in output per beef cow was hypothesized to impact inventory response via cattle prices and marketing alternatives. Beef productivity included carcass weights of steers, heifers, and cull cows but excluded carcass weights of dairy cattle and cattle imports. Results indicate that from ten years to an equilibrium period, the beef cow herd averaged 0.5% to 2.5% smaller compared to if zero productivity growth had occurred. In addition, productivity growth decreased the inventory elasticity of supply by 18% between 1960–74 and 1975–96. Copyright 1999, Oxford University Press.

Suggested Citation

  • John M. Marsh, 1999. "The Effects of Breeding Stock Productivity on the U.S. Beef Cattle Cycle," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 81(2), pages 335-346.
    • Handle: RePEc:oup:ajagec:v:81:y:1999:i:2:p:335-346
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    Citations

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    Cited by:

    1. Marsh, John M., 2001. "U.S. Feeder Cattle Prices: Effects Of Finance And Risk, Cow-Calf And Feedlot Technologies, And Mexican Feeder Imports," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 26(2), pages 1-15, December.
    2. David Aadland, "undated". "The economics of cattle supply," Working Papers 2000-11, Utah State University, Department of Economics.
    3. Mathews, Kenneth H., Jr. & Short, Sara D., 2001. "The Beef Cow Replacement Decision," Journal of Agribusiness, Agricultural Economics Association of Georgia, vol. 19(2), pages 1-21.
    4. Lewis, Karen & Griffith, Andrew & Boyer, Christopher & Rhinehart, Justin, 2015. "Returns to Retained Ownership through Finishing for Beef Cattle Originating from Tennessee," 2015 Annual Meeting, January 31-February 3, 2015, Atlanta, Georgia 196620, Southern Agricultural Economics Association.
    5. Buddhika Patalee & Glynn T. Tonsor, 2021. "Weather effects on U.S. cow‐calf production: A long‐term panel analysis," Agribusiness, John Wiley & Sons, Ltd., vol. 37(4), pages 838-857, October.
    6. Franken, Jason R.V. & Parcell, Joseph L. & Patterson, David J. & Smith, Michael F. & Poock, Scott, 2010. "Cow-Calf Producer Interest in Retained Ownership," Journal of Agribusiness, Agricultural Economics Association of Georgia, vol. 28(1), pages 1-11.
    7. Mervish, Philip & Anderson, David P. & Richardson, James W. & Outlaw, Joe L., 2008. "The Impact of Land Fragmentation on Beef Cattle Inventory," 2008 Annual Meeting, February 2-6, 2008, Dallas, Texas 6816, Southern Agricultural Economics Association.
    8. Blank, Steven C. & Saitone, Tina L. & Sexton, Richard J., 2016. "Calf and Yearling Prices in the Western United States: Spatial, Quality, and Temporal Factors in Satellite Video Auctions," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 41(3), pages 1-23.
    9. Li, Yunhan & Shonkwiler, Scott, 2016. "A Dynamic Model of U. S. Beef Cow Inventories," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 235385, Agricultural and Applied Economics Association.
    10. Brester, Gary W. & Marsh, John M. & Smith, Vincent H., 1999. "Evaluating The Impacts Of The U.S. Department Of Commerce'S Preliminary Imposition Of Tariffs On U.S. Imports Of Canadian Live Cattle," Research Discussion Papers 29248, Montana State University, Department of Agricultural Economics and Economics, Trade Research Center.
    11. Cook, Billy & Biermacher, Jon T. & Childs, Dan, 2007. "PR - The Value Of Pregnancy Testing Spring-calving Beef Cows," 16th Congress, Cork, Ireland, July 15-20, 2007 345369, International Farm Management Association.
    12. Marsh, John M. & Brester, Gary W., 1999. "Technological Change In The U.S. Beef And Pork Sectors: Impacts On Farm-Wholesale Marketing Margins And Livestock Prices," Research Discussion Papers 29242, Montana State University, Department of Agricultural Economics and Economics, Trade Research Center.
    13. Edgar E. Twine & James Rude & Jim Unterschultz, 2016. "Canadian Cattle Cycles and Market Shocks," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 64(1), pages 119-146, March.
    14. Schroeder, Ted C. & Tonsor, Glynn T., 2011. "Economic Impacts of Zilmax(R) Adoption in Cattle Feeding," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 36(3), pages 1-15.

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