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The Influence of Fat and Weight on the Price of Lamb in the Homebush Livestock and Wholesale Markets

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  • Mullen, John D.

Abstract

An econometric analysis is reported of the relationship between price, and fat cover and weight, in the Homebush livestock and wholesale markets in 1987, 1988 and 1989 using data from the Livestock Market Reporting Service. Implicit prices for changes in weight and fat cover were estimated while accounting for changes in supply and demand conditions for lamb. The analysis lends support to the view that consumer preference for leaner lamb was not being reflected in prices offered for lamb in traditional auction markets.

Suggested Citation

  • Mullen, John D., 1995. "The Influence of Fat and Weight on the Price of Lamb in the Homebush Livestock and Wholesale Markets," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 63(01), pages 1-13, April.
    • Handle: RePEc:ags:remaae:12467
    DOI: 10.22004/ag.econ.12467
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    References listed on IDEAS

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    4. John D. Mullen & Michael K. Wohlgenant, 1991. "The Willingness Of Consumers To Pay For Attributes Of Lamb," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 35(3), pages 247-262, December.
    5. O'Connell, John, 1986. "A Hedonic Price Model of the Paris Carcase Lamb Market," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 13(4), pages 439-450.
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    Cited by:

    1. Vere, David T. & Griffith, Garry R., 1995. "Forecasting in the Australian Lamb Industry: the Influence of Alternate Price Determination Processes," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 63(03), pages 1-11, December.
    2. Hufton, Charlie & Griffith, Garry R. & Mullen, John D. & Farrell, Terence C., 2009. "The influence of weight and fat on lamb prices, revisited," Australasian Agribusiness Review, University of Melbourne, Department of Agriculture and Food Systems, vol. 17, pages 1-31.
    3. Fleming, E. & Griffith, G. & Mounter, S. & Villano, R., 2018. "The value of muscle score in beef cattle auction markets," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 277334, International Association of Agricultural Economists.
    4. Hufton, Charlie & Griffith, Garry R. & Mullen, John D., 2008. "The influence of weight and fat on lamb prices revisited," 2008 Conference (52nd), February 5-8, 2008, Canberra, Australia 6021, Australian Agricultural and Resource Economics Society.
    5. Farrell, Terence C. & Tozer, Peter R., 1996. "Strategic Alliances and Marketing Cooperatives: a Lamb Industry Case Study," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 64(02), pages 1-10, August.

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    Keywords

    Demand and Price Analysis;

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