Hostname: page-component-8448b6f56d-cfpbc Total loading time: 0 Render date: 2024-04-24T10:21:36.223Z Has data issue: false hasContentIssue false

Optimal Hog Slaughter Weights Under Alternative Pricing Systems

Published online by Cambridge University Press:  28 April 2015

M. A. Boland
Affiliation:
Department of Agricultural Economics at Purdue University
P. V. Preckel
Affiliation:
Department of Agricultural Economics at Purdue University
A. P. Schinckel
Affiliation:
Department of Animal Sciences at Purdue University
Get access

Abstract

Three hog genotypes are simulated to determine how producer profits, economically optimal slaughter weights, and carcass component weights change under three pricing models. Live weight pricing pays more for the fatter barrows whereas a three component (separate payments for fat, lean, and byproducts) and six component (separate payments for major primal cuts, other lean, fat, and byproducts) pricing system pay more for the leaner gilts. Implications for selection of genetic stock and pricing system are presented.

Type
Articles
Copyright
Copyright © Southern Agricultural Economics Association 1993

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Bereskin, B., Shelby, C.E., and Hazel, L.N.. “Carcass Traits of Purebred Yorkshires and their Crosses”, J. Anim. Sci. 32(1971): 413419.CrossRefGoogle Scholar
Boland, M.A., Foster, K.A., Akridge, J.T., and Forrest, J.C.. “Adding Value to a Commodity Product: Packer Sorting and Differentiation Strategies for Fresh Pork”, Forthcoming in Proc. Intl. Agribus. Mgmt. Assoc., San Francisco, CA, May 23-27, 1993.Google Scholar
Boland, M.A., Schinckel, A.P., and Preckel, P.V.. “Optimal Slaughter Weights for Barrows and Gilts Using Live Weight and Destrón Probe Measurements Under Alternate Pricing Systems”. J. Anim. Sci. Supplement 1, 71(1993):44.Google Scholar
Brorsen, W.D., Akridge, J.T., Mauney, S.M., Whipker, L.D., Forrest, J.C., and Kuei, C.H.. “A Component Pricing System for Pork”, Purdue University Agricultural Experiment Station Journal No. 13216, December 1991.Google Scholar
Cassens, G., Kauffman, R.G., Scherer, A., and Meeker, D.L.. “Variations in Pork Quality”, Proc. 38th Intl. Cong. Meat Sci. and Tech., Clermont-Ferrant, France, August 23-28, 1992, pp. 237240.Google Scholar
Chavas, J.P., Kliebenstein, J., and Crenshaw, T.D.. “Modeling Dynamic Agricultural Response: The Case of Swine Production”, Amer. J. Agr. Econ. 67(1985): 636646.CrossRefGoogle Scholar
Christian, L.L., Strock, K.L., and Carlson, J.P.. “Effects of Protein, Breed, Cross, Sex, and Slaughter Weight on Swine Performance and Carcass Traits”, J. Anim. Sci. 61(1980): 5158.CrossRefGoogle Scholar
Crabtree, J.R.Feeding Strategy Economics in Bacon Pig Production”, J. Agr. Econ. 28(1977): 3954.CrossRefGoogle Scholar
Dillon, J. and Anderson, J.. The Analysis of Responses in Crop and Livestock Production. 3rd edition. Pergamon Publishing, New York, New York, 1990.Google Scholar
Forrest, J.C., Kuei, C.H., Orcutt, M.W., Schinckel, A.P., Stouffer, J.R., and Judge, M.D.. “A Review of Potential New Methods of On-line Pork Carcass Evaluation”, J. Anim. Sci. 67(1989): 21642172.CrossRefGoogle Scholar
Grisdale, B.S., Hayenga, M.L., Cross, H.R., Christian, L.L., Meisinger, D.J., and Kauffman, R.G.. “Establishing Practical Guidelines for Pricing Market Swine”, J. Anim. Sci. 59(1984): 883891.CrossRefGoogle Scholar
Gu, Y., Schinckel, A.P., Forrest, J.C., Kuei, C.H., and Watkins, C.E.. “Effects of Ractopamine, Genotype, and Growth Phase on Finishing Performance and Carcass Value in Swine: a. Growth Performance and Carcass Merit”, J. Anim. Sci. 69(1991): 26832693.Google ScholarPubMed
Gu, Y., Schinckel, A.P., Forrest, J.C., Kuei, C.H., and Watkins, C.E.. “Effects of Ractopamine, Genotype, and Growth Phase on Finishing Performance and Carcass Value in Swine: b. Estimation of Lean Growth Rate and Lean Feed Efficiency”, J. Anim. Sci. 69(1991): 26942702.CrossRefGoogle Scholar
Heady, E.O., Sonka, S.T., and Dahm, F.. “Estimation and Application of Gain Isoquants in Decision Rules for Swine Producers”, J. Agr. Econ. 27(1976): 235-42.CrossRefGoogle Scholar
Iowa State Swine Enterprise Record, 1991.Google Scholar
Jekanowski, M.D.Value Based Marketing of Pork: An Evaluation of Current and Potential Systems”, Unpublished M.S. thesis, Purdue University, West Lafayette, IN, 1993.Google Scholar
Kennedy, J.O.S., Rofe, B.H., Greig, I.D., and Hardaker, J.B.. “Optimal Feeding Strategies for Broiler Production: An Application of Dynamic Programming”, Aus. J. Agr. Econ. 20(1976): 1932.Google Scholar
Lorenz, G.Future Classification Systems-Requirement Specification from a Management Perspective”, Proc. 38th Intl. Cong. Meat Sci. and Tech., August 22-28, 1992.Google Scholar
Machan, G.Packer Needs for the Future”. Proc. Supplying Genetics for the 21st Century, National Pork Producers Council, Davenport, LA, November 2-3, 1989.Google Scholar
Moughan, P.J., Smith, W.C., and Pearson, G.. “Description and Validation of a Model Simulating Growth in Pigs”, New Zea. J. Agr. Res. 30(1987): 481487.CrossRefGoogle Scholar
National Academy of Sciences, Nutrient Requirements of Swine, no. 2, 7th revised edition, Washington D.C., National Research Council, 1973.Google Scholar
NPPC. “Lean Guide to Pork Value”, National Pork Producers Council, Des Moines, LA, 1987.Google Scholar
Parks, J.R.A Theory of Feeding and Growth in Animals. Springer Verlag, New York, 1982.CrossRefGoogle Scholar
Sonka, S.T., Heady, E.O., and Dahm, P.F.. “Estimation of Gain Isoquants and a Decision Model Application for Swine Production”, Amer. J. Agr. Econ. 58(1976): 466474.CrossRefGoogle Scholar
Stahl, J.Which Packer Pays More for Lean?”, PORK91, October, 1991, pp. 2128.Google Scholar
Thompson, J.M., Sun, F., Kuczek, T., Schinckel, A.P., and Stewart, T.S.. 1993. “The Effect of Genotype and Sex on Patterns of Protein and Energy Accretion in Pigs”. In preparation.Google Scholar
Whipker, L.D. and Akridge, J.T.. “Pricing Lean: A Lotus Template for Determining the Price of Lean References”, Unpublished manuscript, Version 2.0. February 25, 1990.Google Scholar
Whittemore, C.T.An Approach to Pig Growth Modeling”. J. Anim. Sci. 63(1986): 615-29.CrossRefGoogle Scholar
Whittemore, C.T. and Fawcett, R.H.. “Theoretical Aspects of a Flexible Model to Simulate Protein and Lipid Growth in Pigs”, Anim. Prod. 22(1976): 8796.Google Scholar