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Wholesale Demand For Usda Quality Graded Boxed Beef And Effects Of Seasonality

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  • Lusk, Jayson L.
  • Marsh, Thomas L.

Abstract

This study quantifies the differential in demand between different USDA quality grades of beef and the interaction between quality graded beef and other meats. We provide estimates of meat retailer own and cross price demand elasticities for USDA Choice and Select boxed beef. Results indicate that meat retailers have more elastic demand for lower quality graded beef. Seasonal analysis indicates demand for both beef quality grades becomes highly price inelastic during the summer “"cook-out"” months. The two beef quality grades are strong substitutes during the fall and winter. However, Select beef is not a substitute for Choice beef in the spring and summer.

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Bibliographic Info

Paper provided by Western Agricultural Economics Association in its series 2000 Annual Meeting, June 29-July 1, 2000, Vancouver, British Columbia with number 36409.

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Date of creation: 2000
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Handle: RePEc:ags:waeava:36409

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Related research

Keywords: beef; chicken; demand; pork; quality; USDA Choice; USDA Select; wholesale; Demand and Price Analysis;

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References

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  1. Thompson, Gary D. & Wilson, Paul N., 1999. "Market Demands For Bagged, Refrigerated Salads," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 24(02), December.
  2. Moschini, GianCarlo, 1988. "Model of Production with Supply Management for the Canadian Agricultural Sector, A," Staff General Research Papers 11269, Iowa State University, Department of Economics.
  3. John D. Jackson, 1997. "Effects of Health Information and Generic Advertising on U.S. Meat Demand," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(1), pages 13-23.
  4. Namken, Jerry C. & Farris, Donald E. & Capps, Oral, Jr., 1994. "The Demand For Wholesale Beef Cuts By Season And Trend," Journal of Food Distribution Research, Food Distribution Research Society, vol. 25(2), September.
  5. Hahn, William F. & Green, Richard D., 2000. "Joint Costs In Meat Retailing," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 25(01), July.
  6. Shon P. Williams & C. Richard Shumway, 1998. "Testing for Behavioral Objective and Aggregation Opportunities in U.S. Agricultural Data," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 80(1), pages 195-207.
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Citations

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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(02), August.
  2. Mutondo, Joao E. & Henneberry, Shida Rastegari, 2007. "A Source-Differentiated Analysis of U.S. Meat Demand," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 32(03), December.
  3. Parcell, Joseph L., 2002. "An Empirical Analysis Of The Demand For Wholesale Pork Primals: Seasonality And Structural Change," Working Papers 26033, University of Missouri Columbia, Department of Agricultural Economics.
  4. Riley, John Michael & Schroeder, Ted C. & Wheeler, Tommy L., 2005. "Valuing Fed Cattle Using Slice Shear Force Measurements," 2005 Annual Meeting, July 6-8, 2005, San Francisco, California 36313, Western Agricultural Economics Association.
  5. Crespi, John M. & Marette, Stephan, 2003. "Some Economic Implications Of Public Labeling," Journal of Food Distribution Research, Food Distribution Research Society, vol. 34(03), November.
  6. Dhoubhadel, Sunil P. & Stockton, Matthew C., 2010. "The U.S. Import of Beef: Substitute or Complement for Domestic Beef Production?," 2010 Annual Meeting, February 6-9, 2010, Orlando, Florida 56509, Southern Agricultural Economics Association.
  7. Parcell, Joseph L., 2000. "An Empirical Analysis Of The Demand For Wholesale Pork Primals: Seasonality And Structural Change," 2000 Annual Meeting, June 29-July 1, 2000, Vancouver, British Columbia 36343, Western Agricultural Economics Association.
  8. Schroeder, Ted C. & Yang, Xiaolou, 2001. "Hedging Wholesale Beef Cuts," 2001 Annual Meeting, July 8-11, 2001, Logan, Utah 36091, Western Agricultural Economics Association.

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