The name is absent



differences in seasonal price patterns were, in pounds,
150-275, 276-375, 376-500, 501-600, 601-675, and
676-800.

The results of the analysis of со-variance for
these weight groups are presented in Table 2.
Differences in price attributable to auction location,
sex and weight group were each significant after
accounting for the Hnear regression effect of weight
on price. All interaction effects were also significant.

Numbers of observations, standard deviations in
price, average prices and average animal weights by
weight group for all animals, steers, and heifers are
presented in Table 3. Standard deviations in price
within weight groups were greater for steers than for
heifers throughout the 150-800-ρound weight range.
The standard deviation for heifers decHned
throughout the weight range; while for steers, it
decHned from 150-600 pounds, then increased. This
may indicate that quality (or grade) has a greater
effect on price of steers than heifers. It may also
imply that as the final grade of steers becomes more
predictable (weights greater than 600 pounds) quaHty
becomes a more influential factor in price
determination. Conclusive evidence of these
relationships cannot be determined specifica∏y from
the sample data. The absence of recorded grade

Table 3. AVERAGE PRICES AND WEIGHTS FOR SIX WEIGHT GROUPS FOR ALL ANIMALS, STEERS,
AND HEIFERS, FOUR LOUISIANA AUCTION MARKETS, JUNE 28,1970, THROUGH JUNE 27,
1972

Number

Standard
deviation
in price

Average
weight

Weight
interval________о

of
hservations

Average
_____
price_______

Pounds

Number

Do1./ cwt.

All animals

Do1./cwt.

Pounds

150 - 275

32,828

42.94

10.07

229.06

276 - 375

53,022

36.85

6.19

329.99

376 - 500

52,841

33.72

4.91

430.16

501 - 600

13,161

31.17

4.33

542.21

601 - 675

3,177

29.31

4.53

633.03

676 - 800

Weighted average

1,852

26.90

36.32

Steers

5.08

726.78

371.27

150 - 275

14,942

45.85

10.10

230.84

276 - 375

25,164

38.89

6.07

330.17

376 - 500

25,314

35.40

4.85

430.52

501 - 600

5,714

32.38

4.33

541.63

601 - 675

1,229

30.27

4.59

634.65

676 - 800

Weighted average

809

28,34

38.33

Heifers

5.46

729.76

370.64

150 - 275

8,632

39.61

7.19

233.64

276 - 375

14,872

34.40

4.95

328.85

376 - 500

13,340

31.69

4.01

428.91

501 - 600

2,947

29.23

3.98

543.70

601 - 675

826

26.65

3.84

636.22

676 - 800

Weighted average

553

24.73

33.96

3.36

731.25

368.24

162



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