The Economic Analysis Of Corn Grain Optimization And Price Variation For Cattle On Feed In Texas
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Author | : Braelyn Moltz |
Publisher | : |
Total Pages | : 122 |
Release | : 2019 |
Genre | : Agricultural prices |
ISBN | : |
Cattle placed on feed is a practice to maximize the amount of meat produced before being sent to slaughter, which has become a major agricultural industry. These facilities rely on different feed inputs to build the most cost-effective rations possible to increase the average daily gain of the cattle, which can significantly impact the profit. The three primary sources of profit risk when placing cattle on feed are: fed cattle prices, feeder cattle prices, and corn prices. The optimization of input quantities, especially corn, is crucial to maximize production efficiency and ultimately profit. The objective of this research is to determine the optimal corn grain production rate for cattle on feed in Texas and estimated profit maximization under various price ratios for corn grain and live cattle. Utilizing data from various USDA sources, various different input production levels and prices were collected. SAS, PROC CORR, PROC GLM and PROC REG procedures were used to identify the relationships among variables and stepwise regression models were used to estimate the different production functions, which include the quadratic, cubic, Cobb-Douglas, and square root forms. Sensitivity analysis were performed for the optimal production of corn grain rate, and consequent profit under various combinations of corn and live cattle prices for the four different functions. Additionally, a continuous form curve for optimal corn grain production rates under various price ratios was developed. Results indicated that the cubic model was the most accurate based upon the R2 value. However, the continuous form model created for the sensitivity analysis concluded that the quadratic was the most accurate model under the different price ratios. The results of the study can be a useful tool for the decision making process for producers and policy-makers.
Author | : Katenda Pashi |
Publisher | : |
Total Pages | : 486 |
Release | : 2001 |
Genre | : Hybrid corn |
ISBN | : |
High-Oil Corn (HOC) is a value-enhanced crop has been entering the marketplace in recent years. The increased production and utilization of specialty crops is a trend in agriculture that will likely continue. It brings with it the need for farmers to assess the economics of changing their operations to include these new crops. Despite the proliferation of data available from seed companies, there is relatively little mention of how yields and price premiums will affect the farmer's bottom line. This inquiry seeks to determine the farmer's profitability of integrating the production and the utilization of HOC as a replacement for commodity corn in feed rations for finishing beef cattle. This study concentrates on the criterion of optimization at two levels. The first stage uses BALANCER software to formulate least-cost feed rations for finishing beef cattle. The second stage incorporates feed ration requirements in a model of an illustrative mixed crop and beef cattle farm where HOC is grown in rotation with wheat and soybeans. Various management scenarios of the illustrative farm are optimized with the Purdue Crop and Livestock Linear Programming Model (PC-LP). This analysis reveals that scenarios that include HOC show higher expected profit as a result of better feed conversion of HOC diets, reduced feed costs and of an increased output of slaughter beef cattle. By being carried out on a whole farm setting, this analysis has the merit to offer farmers a better picture about the economics of producing and feeding HOC on their own farms.
Author | : C. R. Dillon |
Publisher | : |
Total Pages | : 64 |
Release | : 1990 |
Genre | : Corn |
ISBN | : |
Procedures and data; Results and analysis of the study.
Author | : Gregory Michael Clary |
Publisher | : |
Total Pages | : 278 |
Release | : 1982 |
Genre | : Cattle |
ISBN | : |
Author | : Herbert Windsor Mumford |
Publisher | : |
Total Pages | : 20 |
Release | : 1914 |
Genre | : Cattle |
ISBN | : |
Author | : |
Publisher | : |
Total Pages | : 684 |
Release | : 1979 |
Genre | : Railroad engineering |
ISBN | : |
Author | : Jose Alvarez |
Publisher | : |
Total Pages | : 18 |
Release | : 1984 |
Genre | : Beef cattle |
ISBN | : |
Author | : |
Publisher | : |
Total Pages | : 840 |
Release | : 1983 |
Genre | : Power resources |
ISBN | : |
Author | : Richard M. Adams |
Publisher | : |
Total Pages | : 28 |
Release | : 1981 |
Genre | : Agriculture |
ISBN | : |
Author | : |
Publisher | : |
Total Pages | : 22 |
Release | : 1957 |
Genre | : Agriculture |
ISBN | : |