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Performance of Alternative Component Pricing Systems for Pork

Published online by Cambridge University Press:  28 April 2015

B. Wade Brorsen ,
Jay T. Akridge ,
Michael A. Boland ,
Sean Mauney  and
John C. Forrest
B. Wade Brorsen
Affiliation:
Department of Agricultural Economics, Oklahoma State University
Jay T. Akridge
Affiliation:
Department of Agricultural Economics, Purdue University
Michael A. Boland
Affiliation:
Department of Agricultural Economics, Kansas State University
Sean Mauney
Affiliation:
Stokely, USA in Hoopeston, Illinois
John C. Forrest
Affiliation:
Department of Animal Sciences, Purdue University
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Abstract

One method of implementing value-based marketing is a component pricing system. This research develops and evaluates alternative component pricing systems for pork. Two electronic technologies for estimating carcass components (optical probe and electromagnetic scanner) were evaluated on two sets of data representing different populations. Model accuracy increased as additional components were added.

Keywords

carcass meritcomponent pricingelectromagnetic scanningpork

Information

Type
Articles
Information
Journal of Agricultural and Applied Economics , Volume 30 , Issue 2 , December 1998 , pp. 313 - 324
Copyright
Copyright © Southern Agricultural Economics Association 1998

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