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The Short-Run Impact Of Beef Imports On U.S. Meat Prices

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  • Houck, James P.

Abstract

This paper contains short-run estimates of the impact of beef imports from Australia and elsewhere on U.S. retail meat prices. The U.S. beef demand is separated into two categories, table cuts and processed items. Estimates of direct and cross price elasticities of demand for these products are used together with elasticity estimates for other meats and other foods to assess the effect of imports on prices and upon various portions of the Consumer Price Index.

Suggested Citation

  • Houck, James P., 1974. "The Short-Run Impact Of Beef Imports On U.S. Meat Prices," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 18(1), pages 1-13, April.
    • Handle: RePEc:ags:ajaeau:22292
    DOI: 10.22004/ag.econ.22292
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    References listed on IDEAS

    as
    1. James P. Houck, 1966. "A Look at Flexibilities and Elasticities," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 48(2), pages 225-232.
    2. Waugh, Frederick V., 1964. "Demand and Price Analysis: Some Examples from Agriculture," Technical Bulletins 171213, United States Department of Agriculture, Economic Research Service.
    3. Edward Uvacek, 1968. "A New Look at Demand Analysis for Beef," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 50(5), pages 1501-1506.
    4. George, P.S. & King, Gordon A., 1971. "Consumer Demand for Food Commodities in the United States with Projections for 1980," Monographs, University of California, Davis, Giannini Foundation, number 11936, December.
    5. Larry Langemeier & Russell G. Thompson, 1967. "Demand, Supply, and Price Relationships for the Beef Sector, Post-World War II Period," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 49(1_Part_I), pages 169-183.
    6. William G. Tomek, 1965. "Changes in Price Elasticities of Demand for Beef, Pork, and Broilers," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 47(3), pages 793-802.
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    Cited by:

    1. Chambers, Robert G. & Just, Richard E. & Moffitt, L. Joe & Schmitz, Andrew, 1981. "Estimating The Impact Of Beef Import Restrictions In The Us Import Market," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 25(2), pages 1-11, August.
    2. James, L. & Glynn, T., 2017. "Reexamining the Question: Are Imported Beef and Domestic Beef Complements or Substitutes?," 2017 Annual Meeting, February 4-7, 2017, Mobile, Alabama 252720, Southern Agricultural Economics Association.
    3. Ryan, Timothy J., 1980. "A Note On Bias In The Estimated Effects Of Beef Imports On U.S. Meat Prices," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 24(1), pages 1-5, April.
    4. Brester, Gary W. & Wohlgenant, Michael K., 1997. "Impacts Of Gatt/Uruguay Round Trade Negotiations On U.S. Beef And Cattle Prices," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 22(1), pages 1-12, July.
    5. Osei, Yeboah & Cephas, Naanwaab & Kingsley, Ekwemalor & Kelly, Chege, 2018. "Exploring the Consumer welfare effects of MCOOL," 2018 Annual Meeting, February 2-6, 2018, Jacksonville, Florida 266706, Southern Agricultural Economics Association.
    6. Harrison, Ian & Richardson, Bob, 1980. "Table and Manufacturing Quality Beef Cattle Price Relationships in Australia," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 48(03), pages 1-16, December.
    7. 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.
    8. Probst, Joel Keith, 1982. "Monthly cattle supply and price forecasting models," ISU General Staff Papers 1982010108000018043, Iowa State University, Department of Economics.
    9. Yeboah, Osei & Naanwaab, Cephas & Shaik, Saleem & Legesse, Befikadu & Odom, Phillipa, 2017. "Is Mandatory Country of Origin Labeling a Proxy for Import Quota: A Partial Equilibrium Analysis of U.S Beef Imports?," 2017 Annual Meeting, February 4-7, 2017, Mobile, Alabama 252807, Southern Agricultural Economics Association.

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    Keywords

    Demand and Price Analysis;

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