The Influence of Fat and Weight on the Price of Lamb in the Homebush Livestock and Wholesale Markets
AbstractAn econometric analysis is reported of the relationship between price, and fat cover and weight, in the Homebush livestock and wholesale markets in 1987, 1988 and 1989 using data from the Livestock Market Reporting Service. Implicit prices for changes in weight and fat cover were estimated while accounting for changes in supply and demand conditions for lamb. The analysis lends support to the view that consumer preference for leaner lamb was not being reflected in prices offered for lamb in traditional auction markets.
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Bibliographic InfoArticle provided by Australian Agricultural and Resource Economics Society in its journal Review of Marketing and Agricultural Economics.
Volume (Year): 63 (1995)
Issue (Month): 01 (April)
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Demand and Price Analysis;
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Australian Journal of Agricultural Economics,
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- Hufton, Charlie & Griffith, Garry R. & Mullen, John D., 2008. "The influence of weight and fat on lamb prices revisited," 2008 Conference (52nd), February 5-8, 2008, Canberra, Australia 6021, Australian Agricultural and Resource Economics Society.
- Vere, David T. & Griffith, Garry R., 1995. "Forecasting in the Australian Lamb Industry: the Influence of Alternate Price Determination Processes," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 63(03), December.
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