IDEAS home Printed from https://ideas.repec.org/p/ags/nddaae/23493.html
   My bibliography  Save this paper

Potential Effects On U.S. Cattle And Beef Prices From Reopening The Borders

Author

Listed:
  • Mattson, Jeremy W.
  • Koo, Won W.

Abstract

U.S. trade of beef and live cattle has declined substantially since the discoveries of bovine spongiform encephalopathy (BSE) in Canada and the United States in 2003. Imports of live cattle from Canada resumed in July 2005, but U.S. beef exports remained substantially below pre-BSE levels as important export markets in Japan and Korea were not regained. The removal of the ban on Canadian imports and the eventual lifting of bans to export markets could affect U.S. cattle and beef prices. In this study, an econometric model is developed and estimated to determine the effects of lifting trade restrictions on cattle and beef prices. Results show that if net cattle imports from Canada increase to 1.5 million animals per year, with beef imports held constant, the slaughter steer, feeder steer, and retail beef prices would decrease $4.65/cwt, $5.31/cwt, and 6.55 cents/lb, respectively. However, the drop in prices from increased imports would be more than negated if beef exports returned to near previous levels. If beef exports increased to 100 percent of the 2003 level, slaughter steer, feeder steer, and retail beef prices could increase by $7.83/cwt, $8.95/cwt, and 16.0 cents/lb, respectively.

Suggested Citation

  • Mattson, Jeremy W. & Koo, Won W., 2005. "Potential Effects On U.S. Cattle And Beef Prices From Reopening The Borders," Agribusiness & Applied Economics Report 23493, North Dakota State University, Department of Agribusiness and Applied Economics.
    • Handle: RePEc:ags:nddaae:23493
    DOI: 10.22004/ag.econ.23493
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/23493/files/aer573.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.23493?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    Livestock Production/Industries;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:nddaae:23493. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/dandsus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.