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Usefulness of Placement-Weight Data in Forecasting Fed Cattle Marketings and Prices

Published online by Cambridge University Press:  28 April 2015

Bailey Norwood  and
Ted C. Schroeder
Bailey Norwood
Affiliation:
North Carolina State University and, Kansas State University
Ted C. Schroeder
Affiliation:
North Carolina State University and, Kansas State University
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Abstract

In 1996, the USDA began reporting cattle-on-feed placements in various weight groups, which should provide information regarding expected slaughter timings and improve fed cattle price forecasts and marketing strategies. Private data were collected to obtain the necessary degrees of freedom to test statistical relationships between placement weight distributions, beef supply, and fed cattle prices. Use of placement weights improved beef supply forecasts only at a one-month horizon; it contributed nothing to price forecast accuracy or returns from selectively hedging.

Keywords

fed cattleforecastingmarketingpricesplacements
Type
Articles
Information
Journal of Agricultural and Applied Economics , Volume 32 , Issue 1 , April 2000 , pp. 63 - 72
Copyright
Copyright © Southern Agricultural Economics Association 2000

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