Abstract
This study discusses the sensitivity of economic values of milk and beef production traits in cattle breeding to production circumstances, in situations without output limitations, at the farm level. It is concluded that prices of products and production factors are of decisive importance in determining the relative economic importance of the improvement of milk and beef production traits. The influence of prices originates from influences on the values of marginal inputs and outputs and influences on the quantities of marginal inputs and outputs via optimization of farm management. Production levels and feed quality have no noteworthy influence on economic values of milk and beef production traits. The change in economic efficiency when increasing mature body weight is small and negative.
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