NDLI: The Impact of Cattle Hide and Byproduct Values on Cattle Price Declines in 2020

Please wait, while we are loading the content...

The Impact of Cattle Hide and Byproduct Values on Cattle Price Declines in 2020

Content Provider	AgEcon Search
Author	Gary W. Brester Kole Swanser
Abstract	Several published studies indicate that cattle hide values and edible and inedible cattle slaughtering byproducts influence cattle prices. Most cattle processing byproducts are exported. The worldwide COVID-19 pandemic interrupted many international trade supply chains and fed cattle futures prices declined from $127.43/cwt in January 2020 to $83.83/cwt at the end of April 2020. Much of this decline was the result of uncertainties in supply chains, reductions in the demand for beef by the HRI sector, and disruptions in international trade. In addition, lower hide and edible/inedible byproduct values also contributed to lower cattle prices. We show that 0.6% (or $0.54/cwt) of the reduction in cattle prices was associated with lower non-hide byproduct values. A larger reduction (6.5% or $6.30/cwt) was associated with a 50.3% decline in hide values.
Related Links	https://ageconsearch.umn.edu/record/309621/files/Hide_StaffPaperFinal.pdf
Page Count	14
File Format	PDF
DOI	10.22004/ag.econ.309621
Language	English
Publisher Date	2021-03-02
Access Restriction	Open
Subject Keyword	Applied Economics Agricultural Economics Agri-economic Open Access Database Research in Applied Economics Research in Agricultural Economics Higher Study On Agricultural Economics Higher Study On Applied Economics Agricultural Research Documents Agrarian Economy & Research Higher Study Agri-economics Research in Economics Agri-economic Open Access Repository Statistics in Agricultural Economics Cattle Hide, Byproduct Value, Ag Economics, Cattle Prices, Cattle Futures Cattle Hide Byproduct Value Ag Economics Cattle Prices Cattle Futures Agribusiness Demand and Price Analysis Livestock Production/industries Risk and Uncertainty
Content Type	Text
Resource Type	Article
Subject	Economics, Econometrics and Finance

Central Library (ISO-9001:2015 Certified)
Indian Institute of Technology Kharagpur
Kharagpur, West Bengal, India | PIN - 721302

See location in the Map
03222 282435
Mail: support@ndl.gov.in

Sl.	Authority	Responsibilities	Communication Details
1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
5	Website/Portal (Helpdesk)	Queries regarding NDLI and its services	support@ndl.gov.in
6	Contents and Copyright Issues	Queries related to content curation and copyright issues	content@ndl.gov.in
7	National Digital Library of India Club (NDLI Club)	Queries related to NDLI Club formation, support, user awareness program, seminar/symposium, collaboration, social media, promotion, and outreach	clubsupport@ndl.gov.in
8	Digital Preservation Centre (DPC)	Assistance with digitizing and archiving copyright-free printed books	dpc@ndl.gov.in
9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in