Theses and Dissertations

Madeline Poss

Issuing Body

Mississippi State University

Advisor

Coatney, Kalyn T.

Committee Member

Dinh, Thu

Committee Member

Little, Randall D.

Committee Member

Maples, Joshua G.

Committee Member

Rivera, Daniel J.

Date of Degree

8-7-2020

Document Type

Graduate Thesis - Open Access

Major

Agricultural Economics

Degree Name

Master of Science

College

College of Agriculture and Life Sciences

Department

Department of Agricultural Economics

Abstract

Fed cattle carcass characteristics on the live animal (lean and fat deposition) evolve over time directly impacting weight, quality and yield grades. Given buyer valuation is ultimately based on these characteristics’, fed cattle output value evolve as well. Fed beef is a time dependent process where input costs accrue over time. Previous dynamic profit optimization simulations for live animal transactions outperformed marketing based on a carcass end-point target from live animal evaluations. However, the profit model assumed constant live cash price and did not account for the evolution of the underlying carcass value over time. The model developed in this research extends the previous modeling framework in both directions. The opportunity costs of not accounting for carcass value are presented and are consistent regardless of the average seasonal price pattern recently observed. Though the accuracy of carcass characteristic prediction were fairly reliable, more research is needed in this area.

URI

https://hdl.handle.net/11668/18471

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