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The Structure of U.S. Red Meat and Livestock Imports

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  • Susanto, Dwi
  • Rosson, C. Parr, III
  • Henneberry, Shida Rastegari
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    Abstract

    The Flexible nonlinear almost ideal demand systems are estimated for U.S. import demand for red meat and livestock (live cattle and hogs). In estimating the model, expenditure endogeneity is imposed. Estimates of price elasticity suggest that fresh and frozen beef and live cattle are price elastic. Pork, sheep meat and hogs, on the other hand, are price inelastic. The study also finds that frozen beef and sheep meat, both mainly supplied by Australia and New Zealand, are expenditure elastic; whereas fresh beef, pork, live cattle and hogs are expenditure inelastic.

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    Bibliographic Info

    Paper provided by Southern Agricultural Economics Association in its series 2008 Annual Meeting, February 2-6, 2008, Dallas, Texas with number 6824.

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    Date of creation: 2008
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    Handle: RePEc:ags:saeaed:6824

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    Keywords: International Relations/Trade; Livestock Production/Industries;

    This paper has been announced in the following NEP Reports:

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    1. Richard Blundell & Jean-Marc Robin, 2000. "Latent Separability: Grouping Goods without Weak Separability," Econometrica, Econometric Society, vol. 68(1), pages 53-84, January.
    2. Moschini, GianCarlo, 1995. "Units of Measurement and the 'Stone Index' In Demand System Estimation," Staff General Research Papers 5058, Iowa State University, Department of Economics.
    3. Dhar, Tirtha Pratim & Chavas, Jean-Paul & Gould, Brian W., 2002. "An Empirical Assessment of Endogeneity Issues In Demand Analysis for Differentiated Products," Research Reports 25227, University of Connecticut, Food Marketing Policy Center.
    4. Steven T. Berry, 1994. "Estimating Discrete-Choice Models of Product Differentiation," RAND Journal of Economics, The RAND Corporation, vol. 25(2), pages 242-262, Summer.
    5. Moschini, GianCarlo & Moro, D. & Green, Richard D., 1994. "Maintaining and Testing Separability in Demand Systems," Staff General Research Papers 11247, Iowa State University, Department of Economics.
    6. Yang, Seung-Ryong & Koo, Won W., 1994. "Japanese Meat Import Demand Estimation With The Source Differentiated Aids Model," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 19(02), December.
    7. Hayes, Dermot J. & Wahl, Thomas I. & Williams, Gary W., 1990. "Testing Restrictions on a Model of Japanese Meat Demand," Staff General Research Papers 10940, Iowa State University, Department of Economics.
    8. Henneberry, Shida Rastegari & Piewthongngam, Kullapapruk & Qiang, Han, 1999. "Consumer Food Safety Concerns And Fresh Produce Consumption," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 24(01), July.
    9. Buhr, Brian L. & Kim, Hanho, 1997. "Dynamic adjustment in the US beef market with imports," Agricultural Economics, Blackwell, vol. 17(1), pages 21-34, October.
    10. Mattson, Jeremy W. & Wachenheim, Cheryl J. & Koo, Won W. & Petry, Timothy A., 2001. "Canadian Exports Of Livestock And Meat To The United States," Agribusiness & Applied Economics Report 23610, North Dakota State University, Department of Agribusiness and Applied Economics.
    11. LaFrance, Jeffrey T., 1991. "When Is Expenditure "Exogenous" In Separable Demand Models?," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 16(01), July.
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