Review of Agricultural Economics · 2003 · 22 citations · 18 references
AgricultureAgricultural EconomicsAnimal SciencesDairy Herd ManagementLivestock ProductionUltrasoundLivestock EconomicsLivestock Production EconomicsLivestock Production SystemsLivestock Sensing TechnologiesPrecision Beef Cattle ManagementBreeding EconomicsCarcass EconomicsCattle EconomyFarm Marketing DecisionsLivestock Market PricesLivestock MarketingLivestock MarketsUltrasound Carcass Evaluation
This study estimates the value of using ultrasound technology to improve cattle marketing decisions by optimally choosing a particular marketing method. For the particular group of cattle analyzed, results indicate that using ultrasound information to selectively market cattle could have increased revenue by $25.53/head, $4.98/head, or $32.90/head, compared with simply marketing all animals on a live weight, dressed weight, or grid basis, respectively. Even if producers incorporate such information as placement weight, days on feed, and breed into their expectations about final carcass characteristics, our results indicate that ultrasound measures could improve average revenue by $4.16/head.
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