IMPACTS OF PRICING POLICIES ON SELECTED FINANCIAL OUTCOMES OF THE CATTLEMEN'S TEXAS LONGHORN BEEF COOPERATIVE, INC.

The impacts of meat pricing on selected financial results for the CattlemenÂ’'s Texas Longhorn Beef Cooperative, Inc. were investigated in a stochastic simulation model. Triangular price distributions for boxed beef and various carcasses categories were specified for each month and correlated, based on 2000 USDA carlot meat report data. Hot-carcass weights were also modeled as triangular distributions. At 5,000 head and with meat prices 12% over USDA prices the probability of net profits before taxes (NPBT) falling below $0 was 1.3%. At 10,000 head and payments 9% over USDA prices there was an 11.8% chance of NPBT falling below $0.


Issue Date:
2002-07
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/26629
Published in:
Journal of Food Distribution Research, Volume 33, Number 02
Page range:
50-60
Total Pages:
11




 Record created 2017-04-01, last modified 2017-04-04

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