An Empirical Analysis of the Demand for Wholesale Pork Primals: Seasonality and Structural Change
This study focuses on estimating wholesale pork primal demand relationships in order to determine their own-quantity flexibilities, whether these flexibilities have changed over time, and seasonal price fluctuations. A set of equations for pork loin, rib, butt, ham, pork belly, and picnic primals was estimated. Monthly data over an 11-year period were used to determine that own-quantity flexibilities varied across months, that they increased in absolute value over time for some primal cuts, and cold-storage stocks were used as an inventory control measure to reduce price variation for some primal cuts.
Volume (Year): 28 (2003)
Issue (Month): 02 (August)
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- Lusk, Jayson L. & Marsh, Thomas L. & Schroeder, Ted C. & Fox, John A., 2001.
"Wholesale Demand For Usda Quality Graded Boxed Beef And Effects Of Seasonality,"
Journal of Agricultural and Resource Economics,
Western Agricultural Economics Association, vol. 26(01), July.
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- Barry K. Goodwin & Matthew T. Holt, 1999. "Price Transmission and Asymmetric Adjustment in the U.S. Beef Sector," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 81(3), pages 630-637.
- Poray, Michael C. & Foster, Kenneth A. & Dorfman, Jeffrey H., 2000. "Measuring An Almost Ideal Demand System With Generalized Flexible Least Squares," 2000 Annual meeting, July 30-August 2, Tampa, FL 21796, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
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