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BEEF CATTLE RETAINED OWNERSHIP AND PROFITABILITY IN TENNESSEE

  • MINFENG TANG (a1), KAREN E. LEWIS (a2), DAYTON M. LAMBERT (a2), ANDREW P. GRIFFITH (a2) and CHRISTOPHER N. BOYER (a2)...
Abstract
Abstract

The effect of animal characteristics and placement decisions on retained ownership profitability of Tennessee cattle from 2005 to 2015 was determined using a mixed model regression. Ex post simulation analysis examined retained ownership profitability by placement season under different animal characteristic and corn price scenarios. Regression results indicate that placement weight, placement season, days on feed, animal health, and animal sex affect retained ownership profitability. Simulation results indicate that winter placement of cattle in feedlots had the highest expected retained ownership profits. Results provide risk-averse producers information regarding the profitability of retained ownership.

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Copyright
This is an Open Access article, distributed under the terms of the Creative Commons Attribution licence (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted re-use, distribution, and reproduction in any medium, provided the original work is properly cited.
Corresponding author
*Corresponding author's email: klewis39@utk.edu
Footnotes
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We thank the Tennessee Beef Evaluation Program, Tri-County Steer Carcass Futurity Cooperative, and the Tennessee cattle producers who gave us consent to analyze their data. Special thanks go to Tammy McKinley of the University of Tennessee's Department of Agricultural and Resource Economics for helping obtain the data. A portion of this research was supported by the U.S. Department of Agriculture Hatch Project No. TEN00442.

Footnotes
References
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Journal of Agricultural and Applied Economics
  • ISSN: 1074-0708
  • EISSN: 2056-7405
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