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1974
DOI: 10.1017/s0081305200011870
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Least-Cost Livestock Production Rations

Abstract: Animal scientists and agricultural economists have been working together to answer the question, “What is the least-cost feed mix for a given set of prices?” In the 1950's sophisticated mathematical programming via computers generated a renewed interest in ration formulation. Since then, animal scientists and agricultural economists have been intrigued with determing least-cost rations for various livestock species. But this research has been devoted to determining the least-cost rations rather than minimizing… Show more

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Cited by 8 publications
(2 citation statements)
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References 9 publications
(17 reference statements)
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“…The cost of liveweight gain in the Intervention group was lower than that previously reported by Cruz de Carvalho et al (2010) for Simmental-Ongole crossbred cattle fed a 55% concentrate diet in a feedlot system (IDR 16947/kg), most likely because of the collection of forages free of charge. However, because of the substantial differences between the two treatments in ADG and the period of time to reach a specified weight, using cost of gain as an indicator of profitability is insufficient (Allison & Baird 1974). Income over feed cost instead considers the total value of liveweight increased in the fattening period: where gross returns per day are sufficiently high, these can more than compensate for the increased cost of gain.…”
Section: Diet and Supplementationmentioning
confidence: 99%
“…The cost of liveweight gain in the Intervention group was lower than that previously reported by Cruz de Carvalho et al (2010) for Simmental-Ongole crossbred cattle fed a 55% concentrate diet in a feedlot system (IDR 16947/kg), most likely because of the collection of forages free of charge. However, because of the substantial differences between the two treatments in ADG and the period of time to reach a specified weight, using cost of gain as an indicator of profitability is insufficient (Allison & Baird 1974). Income over feed cost instead considers the total value of liveweight increased in the fattening period: where gross returns per day are sufficiently high, these can more than compensate for the increased cost of gain.…”
Section: Diet and Supplementationmentioning
confidence: 99%
“…Least-cost rations minimize the cost of diets, given a certain set of ingredients and their nutritional content. An important assumption of least-cost formulated diets is that every unit of a least-cost formulated ration has the same productivity regardless of ingredient sources (Allison and Baird, 1974).…”
Section: Profit Maximization and Cost Minimization Broiler Modelsmentioning
confidence: 99%