IDEAS home Printed from https://ideas.repec.org/a/ags/jlaare/31006.html
   My bibliography  Save this article

Impacts Of Gatt/Uruguay Round Trade Negotiations On U.S. Beef And Cattle Prices

Author

Listed:
  • Brester, Gary W.
  • Wohlgenant, Michael K.

Abstract

The GATT/Uruguay Round trade negotiations have resulted in a multilateral relaxation of beef trade restrictions. A linear elasticity model of the U.S. beef industry is developed using log differentials equations. Beef consumption, production, and trade are disaggregated into appropriate ground and table cut components. The model predicts that GATT/Uruguay Round will cause asymmetric effects on ground and table cut beef consumers. In general, fed cattle and cow/calf producers will benefit from trade liberalization because of increases in fed and feeder cattle prices. However, nonfed cattle price will decrease.

Suggested Citation

  • Brester, Gary W. & Wohlgenant, Michael K., 1997. "Impacts Of Gatt/Uruguay Round Trade Negotiations On U.S. Beef And Cattle Prices," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 22(1), pages 1-12, July.
  • Handle: RePEc:ags:jlaare:31006
    DOI: 10.22004/ag.econ.31006
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/31006/files/22010145.pdf
    Download Restriction: no

    File URL: https://libkey.io/10.22004/ag.econ.31006?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Brester, Gary W. & Lhermite, Pascale & Goodwin, Barry K. & Hunt, Melvin C., 1993. "Quantifying The Effects Of New Product Development: The Case Of Low-Fat Ground Beef," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 18(2), pages 1-12, December.
    2. Gary. W. Brester & Michael K. Wohlgenant, 1991. "Estimating Interrelated Demands for Meats Using New Measures for Ground and Table Cut Beef," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 73(4), pages 1182-1194.
    3. Shagam, Shayle D., 1990. "The World Pork Market-Government Intervention and Multilateral Policy Reform," Staff Reports 278313, United States Department of Agriculture, Economic Research Service.
    4. Hahn, William F. & Crawford, Terry L. & Bailey, Linda & Shagam, Shayle, 1990. "The World Beef Market--Government Intervention and Multilateral Policy Reform," Staff Reports 278343, United States Department of Agriculture, Economic Research Service.
    5. James P. Houck, 1964. "Price Elasticities and Joint Products," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 46(3), pages 652-656.
    6. Houck, James P., 1974. "The Short-Run Impact Of Beef Imports On U.S. Meat Prices," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 18(1), pages 1-13, April.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Brester, Gary W. & Marsh, John M. & Atwood, Joseph A., 2004. "Distributional Impacts of Country-of-Origin Labeling in the U.S. Meat Industry," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 29(2), pages 1-22, August.
    2. Miljkovic, Dragan & Marsh, John M. & Brester, Gary W., 2002. "Japanese Import Demand for U.S. Beef and Pork: Effects on U.S. Red Meat Exports and Livestock Prices," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 34(3), pages 501-512, December.
    3. Dragan Miljkovic & Gary Brester & John Marsh, 2003. "Exchange rate pass-through, price discrimination, and US meat export prices," Applied Economics, Taylor & Francis Journals, vol. 35(6), pages 641-650.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Lee L. Schulz & Ted C. Schroeder & Tian Xia, 2012. "Studying composite demand using scanner data: the case of ground beef in the US," Agricultural Economics, International Association of Agricultural Economists, vol. 43, pages 49-57, November.
    2. Yang, Seung-Ryong & Koo, Won W., 1994. "Japanese Meat Import Demand Estimation With The Source Differentiated Aids Model," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 19(2), pages 1-13, December.
    3. Yang, Seung-Ryong & Koo, Won W., 1994. "Japanese Import Demands for Meat," Agricultural Economics Reports 23226, North Dakota State University, Department of Agribusiness and Applied Economics.
    4. Charlebois, Pierre & Gagne, Stephan & Gendron, Carole, 2008. "Economic Analysis of the Liberalization of Red Meat Markets in the Pacific Region from 1988 to 2007," Economic and Market Information 47133, Agriculture and Agri-Food Canada.
    5. Ward, Clement E. & Lusk, Jayson L. & Dutton, Jennifer M., 2008. "Implicit Value of Retail Beef Product Attributes," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 33(3), pages 1-18.
    6. Chambers, Robert G. & Just, Richard E. & Moffitt, L. Joe & Schmitz, Andrew, 1981. "Estimating The Impact Of Beef Import Restrictions In The Us Import Market," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 25(2), pages 1-11, August.
    7. Dermot J. Hayes & John R. Green & Helen H. Jensen & Adrienne Erbach, 1991. "Measuring international competitiveness in the beef sector," Agribusiness, John Wiley & Sons, Ltd., vol. 7(4), pages 357-374.
    8. Schulz, Lee L. & Schroeder, Ted C. & White, Katharine L., 2012. "Value of Beef Steak Branding: Hedonic Analysis of Retail Scanner Data," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 41(2), pages 1-14, August.
    9. Hsu, Jane Lu, 2000. "Gradual Switching Structural Changes of Meat Consumption in Taiwan," 2000 Conference (44th), January 23-25, 2000, Sydney, Australia 123663, Australian Agricultural and Resource Economics Society.
    10. Smed, Sinne & Hansen, Lars Garn, 2018. "Consumer Valuation of Health Attributes in Food," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 43(2), May.
    11. Harrison, Ian & Richardson, Bob, 1980. "Table and Manufacturing Quality Beef Cattle Price Relationships in Australia," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 48(03), pages 1-16, December.
    12. McVey, Marty Jay, 1996. "Valuing quality differentiated grains from a total logistics perspective," ISU General Staff Papers 1996010108000012326, Iowa State University, Department of Economics.
    13. Helen H. Jensen & Steven W. Voigt & Dermot J. Hayes, 1995. "Measuring international competitiveness in the pork sector," Agribusiness, John Wiley & Sons, Ltd., vol. 11(2), pages 169-177.
    14. William A. Barnett & Isaac Kalonda Kanyama, 2013. "Time-varying parameters in the almost ideal demand system and the Rotterdam model: will the best specification please stand up?," Applied Economics, Taylor & Francis Journals, vol. 45(29), pages 4169-4183, October.
    15. Hossain, Afjal & Badiuzzaman,, 2021. "Hedonic prices for the fruit market in Bangladesh: Lessons from guava and hog plum purchase decisions," Journal of Retailing and Consumer Services, Elsevier, vol. 62(C).
    16. Yeboah, Osei & Naanwaab, Cephas & Shaik, Saleem & Legesse, Befikadu & Odom, Phillipa, 2017. "Is Mandatory Country of Origin Labeling a Proxy for Import Quota: A Partial Equilibrium Analysis of U.S Beef Imports?," 2017 Annual Meeting, February 4-7, 2017, Mobile, Alabama 252807, Southern Agricultural Economics Association.
    17. Adalja, Aaron & Hanson, James & Towe, Charles & Tselepidakis, Elina, 2015. "An Examination of Consumer Willingness to Pay for Local Products," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 44(3), pages 1-22, December.
    18. Zhang, Xufang & Sun, Changyou & Munn, Ian A. & Gordon, Jason, 2021. "How to protect the U.S. forest products industry from the perspective of trade? A comparison of policies within the forest supply chain," Forest Policy and Economics, Elsevier, vol. 133(C).
    19. Ryan, Timothy J., 1980. "A Note On Bias In The Estimated Effects Of Beef Imports On U.S. Meat Prices," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 24(1), pages 1-5, April.
    20. Yadavalli, Anita & Jones, Keithly, 2014. "Does media influence consumer demand? The case of lean finely textured beef in the United States," Food Policy, Elsevier, vol. 49(P1), pages 219-227.

    More about this item

    Keywords

    International Relations/Trade;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:jlaare:31006. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/waeaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.