Does Muscle Matter? An Economic Evaluation of Live Cattle Characteristics

摘要: The Queensland Livestock Market Reporting Service (QLMRS) was established in 1980 by the livestock and Meat Authority of Queensland. Weekly reports on major live cattle auctions indicate prices different types cattle, categorised their age, sex, weight, fat score type feed. Previous research has suggested that differences these characteristics account for only some price variation observed at auctions. This paper investigates other not included QLMRS market which may be important determining cattle. Data standard potentially have been collected authors a large number lots sold two auction sites analyses contribution both regularly reported QMLRS to explaining Hedonic models are estimated provide estimates premiums discounts associated with levels data were collected. highlights limitations current indicates inclusion muscle add considerably information content reports. More generally, analysis suggests liveweight represent an efficient discovery mechanism