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Slaughter-Cattle Pricing and Procurement Practices of Meatpackers

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  • Ward, Clement E.

Abstract

Cattle pricing is part of the overall procurement process packers use to obtain the types of cattle that will produce beef to satisfy customers. Meatpackers gather information from published price reports, internal operations, customers, other packers, and many other sources. The head buyer then sets an overall buy order from which field buyers negotiate with individual producers, taking account of cattle characteristics, ability of seller to negotiate, competition from other packers, transportation, and other factors.

Suggested Citation

  • Ward, Clement E., 1979. "Slaughter-Cattle Pricing and Procurement Practices of Meatpackers," Agricultural Information Bulletins 309239, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uersab:309239
    DOI: 10.22004/ag.econ.309239
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    File URL: https://ageconsearch.umn.edu/record/309239/files/aib432.pdf
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    Citations

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    Cited by:

    1. Ward, Clement E., 1982. "Relationship Between Fed Cattle Market Shares And Prices Paid By Beefpackers In Localized Markets," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 7(1), pages 1-8, July.
    2. Manchester, Alden C., 1992. "Rearranging The Economic Landscape: The Food Marketing Revolution, 1950-91," Agricultural Economic Reports 308263, United States Department of Agriculture, Economic Research Service.
    3. Ward, Clement E., 1984. "An Empirical Study Of Competition In The Price Discovery Process For Slaughter Lambs," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 9(1), pages 1-10, July.
    4. Capps, Oral, Jr. & Love, H. Alan & Williams, Gary W. & Adams, Wendi L., 1999. "Examining Packer Choice Of Slaughter Cattle Procurment And Pricing Methods," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 28(1), pages 1-15, April.
    5. Ward, Clement E., 1980. "Toward A Performance Evaluation Of The Carcass Beef Market - Weak Form Test Of The Efficient Markets Model," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 12(1), pages 1-7, July.

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