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Adaptive Planning Under Price Uncertainty in Pork Production

Published online by Cambridge University Press:  28 April 2015

Ronald L. Plain  and
Joseph E. Williams
Ronald L. Plain
Affiliation:
University of Missouri-Columbia
Joseph E. Williams
Affiliation:
Department of Agricultural Economics, Oklahoma State University
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Extract

Market hog prices historically have shown great variation and have often followed a cyclical pattern. Franzmann (1979) finds evidence of a four-year and a twenty-eight-year cycle in hog prices. Price cycles imply the possibility of forecasting long-range prices. In turn, forecasting suggests the opportunity to vary the production or marketing process in order to maximize profits.

Type
Research Article
Information
Journal of Agricultural and Applied Economics , Volume 13 , Issue 2 , December 1981 , pp. 39 - 46
Copyright
Copyright © Southern Agricultural Economics Association 1981

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References

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Williams, Joseph E. and Plain, Ronald L. “A Comparison of Investment Requirements and Costs of Production for Selected Swine Enterprises and Production Systems in Oklahoma.” Oklahoma Current Farm Economics, 52(1979)21–27.Google Scholar