Disaggregated Analysis Of Short-Run Beef Supply Response
AbstractConceptual problems in model specification of beef supply response studies are investigated and a simultaneous equation model is formulated to estimate annual U.S. carcass supply, demand, and inventories of beef. Three basic issues are addressed: (a) disaggregation, (b) simultaneity, and (c) differentiation between current and expected price effects. Empirical results indicate positive supply response of each quality type of steers and heifers, and negative supply response of cows to current own-price changes. The derived aggregate supply elasticity is positive. The effects of grain price changes on beef price, supply and composition are also evaluated.
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Bibliographic InfoArticle provided by Western Agricultural Economics Association in its journal Western Journal of Agricultural Economics.
Volume (Year): 04 (1979)
Issue (Month): 02 (December)
Demand and Price Analysis; Livestock Production/Industries;
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- Balsevich, Fernando & Schuetz, Paul & Perez, Edwin, 2006. "Cattle Producer' Participation in Market Channels in Central America: Supermarkets, Processors, and Auctions," Staff Papers 11482, Michigan State University, Department of Agricultural, Food, and Resource Economics.
- Angirasa, Aditi K. & Shumway, C. Richard & Nelsen, T.C. & Cartwright, Thomas C., 1981. "Integration, Risk, And Supply Response: A Simulation And Linear Programming Analysis Of An East Texas Cow-Calf Producer," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 13(01), July.
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