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Price Impacts Associated with the Closing of Hog Slaughtering Plants

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  • Hayenga, Marvin
  • Deiter, Ronald
  • Montoya, Cristobal

Abstract

The impact of closing hog slaughtering plants is examined by comparing relative prices in affected local market areas with prices in distant markets before and after a plant closed. The results suggest that market arbitrage usually has been quite effective, with either temporary or insignificant price effects in six case studies.

Suggested Citation

  • Hayenga, Marvin & Deiter, Ronald & Montoya, Cristobal, 1986. "Price Impacts Associated with the Closing of Hog Slaughtering Plants," ISU General Staff Papers 198607010700001497, Iowa State University, Department of Economics.
    • Handle: RePEc:isu:genstf:198607010700001497
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    References listed on IDEAS

    as
    1. Montoya, Cristobal Gerardo, 1982. "The impact of slaughter plant closings on producer prices," ISU General Staff Papers 1982010108000018044, Iowa State University, Department of Economics.
    2. LaFrance, Vincent A, 1979. "The Impact of Buyer Concentration-An Extension," The Review of Economics and Statistics, MIT Press, vol. 61(3), pages 475-476, August.
    3. Dalton, James A & Penn, David W, 1976. "The Concentration-Profitability Relationship: Is There a Critical Concentration Ratio?," Journal of Industrial Economics, Wiley Blackwell, vol. 25(2), pages 133-142, December.
    4. Lustgarten, Steven H, 1975. "The Impact of Buyer Concentration in Manufacturing Industries," The Review of Economics and Statistics, MIT Press, vol. 57(2), pages 125-132, May.
    5. Harold G. Love & D. Milton Shuffett, 1965. "Short-Run Price Effects of a Structural Change in a Terminal Market for Hogs," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 47(3), pages 803-812.
    6. Miller, Stephen E., 1982. "The Structural Stability of the Concentration-Performance Relationship in Food Manufacturing," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 14(2), pages 43-49, December.
    7. Deiter, Ronald E. & Hayenga, Marvin L. & Brandt, Jon & Boyd, David L., 1985. "The U.S. Pork Sector: Changing Structure and Organization," Staff General Research Papers Archive 11084, Iowa State University, Department of Economics.
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    Cited by:

    1. Kellie Curry Raper & Laura M. Cheney & Meeta Punjabi, 2006. "Regional Impacts of a U.S. Hog Slaughter Plant Closing: The Thorn Apple Valley Case," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 28(4), pages 531-542.
    2. Azzam, Azzeddine M., 1998. "Competition in the US meatpacking industry: is it history?," Agricultural Economics, Blackwell, vol. 18(2), pages 107-126, March.
    3. Capps, Oral, Jr. & Byrne, Patrick J. & Williams, Gary W., 1995. "Analysis Of Marketing Margins In The U.S. Lamb Industry," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 24(2), pages 1-9, October.
    4. Ward, Clement E., 2002. "A Review of Causes for and Consequences of Economic Concentration in the U.S. Meatpacking Industry," CAFRI: Current Agriculture, Food and Resource Issues, Canadian Agricultural Economics Society, issue 3, pages 1-28, January.
    5. Karlson, Nicholas & Eidman, Vernon R., 1991. "Structural Changes In Meat Packing And Processing: The Pork Sector," Staff Papers 13753, University of Minnesota, Department of Applied Economics.
    6. Raper, Kellie Curry & Cheney, Laura Martin & Punjabi, Meeta, 2000. "Assessing The Impact Of A Hog Slaughter Plant Closing: The Thorn Apple Valley Case," Staff Paper Series 11658, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    7. Hornung, Jonathan T. & Ward, Clement E., 2005. "Positive Market Effects from a Meatpacking Plant Opening: Perceptions and Reality," CAFRI: Current Agriculture, Food and Resource Issues, Canadian Agricultural Economics Society, issue 6, pages 1-10, March.

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