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Feeder calf prices are determined by the interaction of many factors. This study uses transactions data from Iowa preconditioned and regular feeder calf auction sales to investigate the impact of a wide variety of factors, many of which have not been used in previous studies on feeder calf prices. Unlike previous studies, this analysis explicitly incorporates changes in feeder cattle market fundamentals during the data collection period. Notably, market premiums for preconditioned sales versus regular sales, feedlot capacity utilization, and seller reputation are significant factors affecting feeder calf prices. |
