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Wholesale-Retail Marketing Margin Behavior in the Beef and Pork Industries

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Author Info

  • Marsh, John M.
  • Brester, Gary W.
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    Abstract

    An econometric model is used to estimate real wholesale-retail marketing margins for beef and pork. From 1970 to 1998, these margins increased by 27% and 149%, while farm-wholesale margins declined. Wholesale-retail (WR) marketing margin increases have caused livestock producers to focus on the retail sector as a contributor to declining real livestock prices. Increases in WR margins may be related to increased demand and costs of value-added food products/services as well as increased market concentration in the retail grocery sector. Results indicate that retail factors, and to a lesser extent meat processing factors, significantly increased WR margins and decreased livestock prices.

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    File URL: http://purl.umn.edu/31139
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    Bibliographic Info

    Article provided by Western Agricultural Economics Association in its journal Journal of Agricultural and Resource Economics.

    Volume (Year): 29 (2004)
    Issue (Month): 01 (April)
    Pages:

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    Handle: RePEc:ags:jlaare:31139

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    Web page: http://waeaonline.org/
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    Related research

    Keywords: livestock prices; retail concentration; retail costs; wholesale-retail marketing margins; Demand and Price Analysis;

    References

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    1. Lopez, Rigoberto A. & Lopez, Elena, 2001. "The Impact of Imports on Price-Cost Margins: An Empirical Illustration," Research Reports 25153, University of Connecticut, Food Marketing Policy Center.
    2. Elitzak, Howard, 1999. "Food Cost Review, 1950-97," Agricultural Economics Reports 34053, United States Department of Agriculture, Economic Research Service.
    3. Schroeter, John R. & Azzam, Azzeddine M. & Zhang, Mingxia, 2000. "Measuring Market Power in Bilateral Oligopoly: The Wholesale Market for Beef," Staff General Research Papers 1777, Iowa State University, Department of Economics.
    4. Kaufman, Phillip R. & Newton, Doris J. & Handy, Charles R., 1993. "Grocery Retailing Concentration in Metropolitan Areas, 1954-82," Technical Bulletins 157042, United States Department of Agriculture, Economic Research Service.
    5. Hahn, William F. & Green, Richard D., 2000. "Joint Costs In Meat Retailing," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 25(01), July.
    6. A. M. Azzam & E. Pagoulatos, 1990. "Testing Oligopolistic And Oligopsonistic Behaviour: An Application To The Us Meat-Packing Industry," Journal of Agricultural Economics, Wiley Blackwell, vol. 41(3), pages 362-370.
    7. Cotterill, Ronald W., 1999. "Continuing Concentration in the U.S.: Strategic Challenges to an Unstable Status Quo," Research Reports 25165, University of Connecticut, Food Marketing Policy Center.
    8. Ward, Clement E., 2002. "A Review of Causes for and Consequences of Economic Concentration in the U.S. Meatpacking Industry," CAFRI: Current Agriculture, Food and Resource Issues, Canadian Agricultural Economics Society, issue 03.
    9. Melton, Brian & Huffman, Wallace, 1995. "Beef and Pork Packing Costs and Input Demands: Effects of Unionization and Technology," Staff General Research Papers 5043, Iowa State University, Department of Economics.
    10. Azzam, Azzeddine M. & Schroeter, John R., 1995. "The Tradeoff Between Oligopsony Power and Cost Efficiency in Horizontal Consolidation: An Example from Beef Packing," Staff General Research Papers 5062, Iowa State University, Department of Economics.
    11. A. M. Azzam, 1992. "Testing The Competitiveness Of Food Price Spreads," Journal of Agricultural Economics, Wiley Blackwell, vol. 43(2), pages 248-256.
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    Cited by:
    1. Maples, Josh & Harri, Ardian & Riley, John Michael & Tack, Jesse B., 2013. "Marketing Margins and Input Price Uncertainty," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 150604, Agricultural and Applied Economics Association.
    2. Brester, Gary W., 2006. "Research and Publishing: Relevance and Irreverence," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 31(03), December.

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