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Determinants of Wholesale Beef-Cut Prices

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  • Capps, Oral
  • Farris, Donald E.
  • Byrne, Patrick J.
  • Namken, Jerry C.
  • Lambert, Charles D.

Abstract

Key determinants of monthly wholesale prices for 12 beef cuts include the quantity of the specific cut, stickiness in prices, marketing costs, quantities of pork and chicken, and seasonality. Seasonal patterns across the respective cuts are very different. Relative to the price in December, prices at the wholesale level in other months can be as much as 6 percent lower to as much as 21 percent higher.

Suggested Citation

  • Capps, Oral & Farris, Donald E. & Byrne, Patrick J. & Namken, Jerry C. & Lambert, Charles D., 1994. "Determinants of Wholesale Beef-Cut Prices," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 26(1), pages 183-199, July.
    • Handle: RePEc:cup:jagaec:v:26:y:1994:i:01:p:183-199_01
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    References listed on IDEAS

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    1. Nyankori, James Cyprian Okuk & Miller, George H., 1982. "Some Evidence And Implications Of Structural Change In Retail Demand For Meats," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 14(2), pages 1-6, December.
    2. James S. Eales & Laurian J. Unnevehr, 1988. "Demand for Beef and Chicken Products: Separability and Structural Change," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 70(3), pages 521-532.
    3. Nyankori, J. C. O. & Miller, G. H., 1982. "Some Evidence and Implications of Structurel Change in Retail Demand for Meats," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 14(2), pages 65-70, December.
    4. T. F. Funk & Karl D. Meilke & H. Bruce Huff, 1977. "Effects of Retail Pricing and Advertising on Fresh Beef Sales," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 59(3), pages 533-537.
    5. Chalfant, James A & Alston, Julian M, 1988. "Accounting for Changes in Tastes," Journal of Political Economy, University of Chicago Press, vol. 96(2), pages 391-410, April.
    6. Jean-Paul Chavas, 1983. "Structural Change in the Demand for Meat," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 65(1), pages 148-153.
    7. Nelson, Kenneth E. & Duewer, Lawrence A. & Crawford, Terry L., 1989. "Reevaluation of the Beef Carcass-To-Retail Weight Conversion Factor," Agricultural Economic Reports 308082, United States Department of Agriculture, Economic Research Service.
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    Cited by:

    1. Parcell, Joseph L., 2003. "An Empirical Analysis of the Demand for Wholesale Pork Primals: Seasonality and Structural Change," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 28(2), pages 1-14, August.
    2. David Aadland & DeeVon Bailey & S. Feng, "undated". "A theoretical and empirical investigation of the supply response in the U.S. beef-cattle industry," Working Papers 2000-12, Utah State University, Department of Economics.
    3. Lusk, Jayson L. & Marsh, Thomas L. & Schroeder, Ted C. & Fox, John A., 2001. "Wholesale Demand For Usda Quality Graded Boxed Beef And Effects Of Seasonality," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 26(1), pages 1-16, July.
    4. Erikson, Glade R. & Wahl, Thomas I. & Jussaume, Raymond A., Jr. & Shi, Hongqi, 1998. "Product Characteristics Affecting Consumers' Fresh Beef Cut Purchasing Decisions In The United States, Japan, And Australia," Journal of Food Distribution Research, Food Distribution Research Society, vol. 29(3), pages 1-10, November.
    5. Aadland, David, 2004. "Cattle cycles, heterogeneous expectations and the age distribution of capital," Journal of Economic Dynamics and Control, Elsevier, vol. 28(10), pages 1977-2002, September.
    6. Aadland, David, 2002. "Cattle Cycles, Expectations And The Age Distribution Of Capital," 2002 Annual meeting, July 28-31, Long Beach, CA 19795, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    7. Parcell, Joseph L. & Schroeder, Ted C. & Kastens, Terry L., 1998. "The Effects Of Meat Exports And Imports On Wholesale Primal Prices," 1998 Annual meeting, August 2-5, Salt Lake City, UT 20898, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    8. David Aadland, "undated". "The economics of cattle supply," Working Papers 2000-11, Utah State University, Department of Economics.
    9. Ali Ardeshiri & Spring Sampson & Joffre Swait, 2019. "Seasonality Effects on Consumers Preferences Over Quality Attributes of Different Beef Products," Papers 1902.02419, arXiv.org.
    10. Schroeder, Ted C. & Yang, Xiaolou, 2001. "Hedging Wholesale Beef Cuts," 2001 Annual Meeting, July 8-11, 2001, Logan, Utah 36091, Western Agricultural Economics Association.
    11. Parcell, Joseph L. & Pierce, Vern L., 2000. "Factors Affecting Wholesale Poultry Prices," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 32(3), pages 1-8, December.

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