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A Quantitative Approach to the Feedlot Replacement Decision*

Published online by Cambridge University Press:  28 April 2015

Kenneth E. Nelson  and
Wayne D. Purcell
Kenneth E. Nelson
Affiliation:
Marketing Economics Division, Economic Research Service, USDA, Stillwater, Oklahoma
Wayne D. Purcell
Affiliation:
Oklahoma State University
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Extract

If all feeder cattle were identical and if all relative prices were constant the feedlot manager would still have an important and difficult decision to make. The decision involves selecting the time at which to replace a pen of cattle on feed with a new pen of feeder cattle such that profit is maximized, over time, to the feeding operation as a whole. Of course, all cattle are far from identical and prices, even relative prices, are never constant. The decision that is not simple with identical cattle and constant prices becomes most difficult with consideration of different types of replacement cattle and varying prices.

Type
Research Article
Information
Journal of Agricultural and Applied Economics , Volume 4 , Issue 1 , July 1972 , pp. 143 - 149
Copyright
Copyright © Southern Agricultural Economics Association 1972

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Footnotes

*

Oklahoma State Agr. Exp. Sta. Journal Article No. 2374

References

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