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The Cyclical Nature Of The U.S. Sheep Industry

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  • Van Tassell, Larry W.
  • Whipple, Glen D.

Abstract

The cyclical nature of numbers and prices of sheep and lambs was examined from 1924 through 1993. Tests for structural change also were conducted utilizing the minimization of Akaike's information criterion (MAIC). Results indicate that cyclical length in both stock sheep numbers and lamb prices has decreased over time, with a current 10- and 27-year cycle in stock sheep numbers and nine- and 27-year cycle lamb prices. Structural changes occurred in 1951 and 1968 for stock sheep number and in 1952 and 1972 for lamb prices.

Suggested Citation

  • Van Tassell, Larry W. & Whipple, Glen D., 1994. "The Cyclical Nature Of The U.S. Sheep Industry," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 19(2), pages 1-13, December.
    • Handle: RePEc:ags:jlaare:30761
    DOI: 10.22004/ag.econ.30761
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    File URL: https://ageconsearch.umn.edu/record/30761/files/19020267.pdf
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    References listed on IDEAS

    as
    1. Frederick V. Waugh & Morton M. Miller, 1970. "Fish Cycles: A Harmonic Analysis," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 52(3), pages 422-430.
    2. Purcell, Wayne D. & Reeves, Jeffrey & Preston, Warren, 1991. "Economics of Past, Current and Pending Change in the U.S. Sheep Industry with an Emphasis on Supply Response," Staff Papers 232403, Virginia Polytechnic Institute and State University, Department of Agricultural and Applied Economics.
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    Cited by:

    1. Babula, Ronald A., 1997. "Economic Effects Of A Countervailing Duty Order On The U.S. Lamb Meat Industry," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 26(1), pages 1-12, April.

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    Keywords

    Livestock Production/Industries;

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