Market impacts of E. Coli vaccination in U.S. Feedlot cattle

Agricultural and Food Economics

Table 3 Producer surplus changes from vaccination and verification program adoption ($ millions), no benefits scenario

	No animal performance impact				With animal performance impact
Beef producer surplus	Short run	Intermediate run	Long run	Cumulative present value	Short run	Intermediate run	Long run	Cumulative present value
Retail level	294.05	32.58	5.07	654.66	527.41	58.49	9.10	1,174.59
Wholesale level	197.81	76.67	18.49	804.03	354.46	137.58	33.20	1,441.69
Fed cattle level	−224.72	−110.56	−173.92	−1,000.90	−402.86	−198.29	−312.13	−1,795.23
Feeder cattle level	−434.83	−61.77	−12.98	−1,018.27	−780.04	−110.82	−23.30	−1,826.42
Total Beef Industry Producer Surplus	−167.69	−63.08	−163.33	−560.48	−301.02	−113.04	−293.13	−1,005.37

Note: Producer surplus is calculated relative to 2012 quantities and prices for livestock and meat. Cumulative net present value was calculated using a 5% discount rate.