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Price Determination In The U.S. Shrimp Market

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  • Adams, Charles M.
  • Prochaska, Fred J.
  • Spreen, Thomas H.

Abstract

The monthly and quarterly price determination processes for 31-40 and 21-25 size classes of raw-headless shrimp were examined to determine price leadership between market levels. Causal relationships were assessed using Haugh-Pierce, Sims, and Granger methods. Price models at the retail, wholesale, and exvessel market levels were estimated. Economic factors analyzed were income, prices of competing products, landings and imports of raw headless shrimp, total retail supply, beginning stocks, and marketing costs. Monthly prices generally exhibited unidirectional causality from exvessel to retail price. Quarterly prices were determined interdependently among market levels. Price responses between market levels were found to by symmetric with beginning stocks, landings, and imports of own-size shrimp the most important determinants of price.

Suggested Citation

  • Adams, Charles M. & Prochaska, Fred J. & Spreen, Thomas H., 1987. "Price Determination In The U.S. Shrimp Market," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 19(2), pages 1-9, December.
    • Handle: RePEc:ags:sojoae:30209
    DOI: 10.22004/ag.econ.30209
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    References listed on IDEAS

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    1. Ronald W. Ward, 1982. "Asymmetry in Retail, Wholesale, and Shipping Point Pricing for Fresh Vegetables," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 64(2), pages 205-212.
    2. Spreen, Thomas H. & Shonkwiler, John Scott, 1981. "Causal Relationships In The Fed Cattle Market," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 13(1), pages 1-5, July.
    3. Miller, Stephen E., 1980. "Lead-Lag Relationships Between Pork Prices At The Retail, Wholesale, And Farm Levels," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 12(1), pages 1-4, July.
    4. Sims, Christopher A, 1972. "Money, Income, and Causality," American Economic Review, American Economic Association, vol. 62(4), pages 540-552, September.
    5. David A. Bessler & Jon A. Brandt, 1982. "Causality Tests in Livestock Markets," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 64(1), pages 140-144.
    6. Miller, Steven E., 1980. "Lead-Lag Relationships Between Pork Prices at the Retail, Wholesale, and Farm Levels," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 12(1), pages 73-76, July.
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    Cited by:

    1. Zhou, Xia “Vivian”, 2015. "Using Almost Ideal Demand System To Analyze Demand For Shrimp In Us Food Market," International Journal of Food and Agricultural Economics (IJFAEC), Alanya Alaaddin Keykubat University, Department of Economics and Finance, vol. 3(3), pages 1-16, July.
    2. Zhou, Xia (Vivian) & Shaik, Saleem, 2008. "Demand Analysis for Shrimp in the United States," 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida 6524, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. Riechers, Robin & Hinson, Roger A., 1988. "Price Relationships Between Regionally Important Fresh Vegetable Markets," Journal of Food Distribution Research, Food Distribution Research Society, vol. 19(2), pages 1-9, September.
    4. Diop, Hamady & Harrison, R. Wes & Keithly, Walter R., Jr., 1999. "Impact Of Increasing Imports On The United States Southeastern Region Shrimp Processing Industry 1973-1996," 1999 Annual meeting, August 8-11, Nashville, TN 21647, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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    Keywords

    Demand and Price Analysis;

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