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Price linkages between wholesale and retail pork cuts

Author

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  • Ted C. Schroeder

    (Department of Agricultural Economics, Kansas State University)

Abstract

This article investigates the price transmissions of specific pork cuts between wholesale and retail markets. It examines retail price rigidity and symmetry in relation to changes in wholesale prices. Results indicate that different cuts possess different lag lengths. There is also some evidence that retailers react more quickly to increasing wholesale prices than decreasing wholesale prices; however, the cumulative effects are very similar.

Suggested Citation

  • Ted C. Schroeder, 1988. "Price linkages between wholesale and retail pork cuts," Agribusiness, John Wiley & Sons, Ltd., vol. 4(4), pages 359-369.
    • Handle: RePEc:wly:agribz:v:4:y:1988:i:4:p:359-369
    DOI: 10.1002/1520-6297(198807)4:4<359::AID-AGR2720040406>3.0.CO;2-E
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    References listed on IDEAS

    as
    1. Boyd, Milton S. & Brorsen, B. Wade, 1986. "Price Rigidity' In The Pork Marketing Channel," 1986 Annual Meeting, July 27-30, Reno, Nevada 278012, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Hayenga, Marvin L. & Schrader, Lee F., 1980. "Formula Pricing in Five Commodity Marketing Systems," Staff General Research Papers Archive 11303, Iowa State University, Department of Economics.
    3. Milton S. Boyd & B. Wade Brorsen, 1988. "Price Asymmetry in the U.S. Pork Marketing Channel," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 10(1), pages 103-109.
    4. Parham, Karen D. & Duewer, Lawrence A., 1980. "An Evaluation of Price Spread and Cost Component Estimates for Choice Beef and Pork," Staff Reports 276693, United States Department of Agriculture, Economic Research Service.
    5. Marvin L. Hayenga & Lee F. Schrader, 1980. "Formula Pricing in Five Commodity Marketing Systems," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 62(4), pages 753-759.
    6. Dale M. Heien, 1980. "Markup Pricing in a Dynamic Model of the Food Industry," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 62(1), pages 10-18.
    7. Hayenga, Marvin L. & Schroeder, Ted C., 1987. "Short-Term Vertical Market Price Interrelationships of Beef and Pork," Staff General Research Papers Archive 11311, Iowa State University, Department of Economics.
    8. Miller, Stephen E., 1980. "Lead-Lag Relationships Between Pork Prices At The Retail, Wholesale, And Farm Levels," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 12(1), pages 1-4, July.
    9. Milton S. Boyd & B. Wade Brorsen, 1985. "Dynamic Relationship of Weekly Prices In the United States Beef and Pork Marketing Channels," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 33(3), pages 331-342, November.
    10. Miller, Steven E., 1980. "Lead-Lag Relationships Between Pork Prices at the Retail, Wholesale, and Farm Levels," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 12(1), pages 73-76, July.
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    Citations

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    Cited by:

    1. 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.
    2. Dermot J. Hayes & Lee L. Schulz & Chad E. Hart & Keri L. Jacobs, 2021. "A descriptive analysis of the COVID‐19 impacts on U.S. pork, turkey, and egg markets," Agribusiness, John Wiley & Sons, Ltd., vol. 37(1), pages 122-141, January.
    3. Holst, Carsten & Cramon-Taubdel, Stephan von, 2014. "Trade, Market Integration and Spatial Price Transmission on EU Pork Markets following Eastern Enlargement," Department of Agricultural and Rural Development (DARE) Discussion Papers 187598, Georg-August-Universitaet Goettingen, Department of Agricultural Economics and Rural Development (DARE).
    4. Goodwin, Barry K. & Harper, Daniel C., 2000. "Price Transmission, Threshold Behavior, and Asymmetric Adjustment in the U.S. Pork Sector," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 32(3), pages 543-553, December.
    5. Tifaoui, Said & Cramon-Taubadel, Stephan von, 2015. "Temporary sales prices and findings of asymmetric vertical price transmission in scanner data," 89th Annual Conference, April 13-15, 2015, Warwick University, Coventry, UK 204295, Agricultural Economics Society.
    6. Keho, Yaya & Camara, Aïssata Sobia, 2012. "Vertical Price Transmission in Local Rice Markets in Côte d’Ivoire: Are Consumers Really Right?," Asian Journal of Agriculture and Rural Development, Asian Economic and Social Society (AESS), vol. 2(04), pages 1-13, December.
    7. Griffith, Garry R. & Moore, Walter B., 1991. "Livestock Production Policies And Meat Processing Margins: The Case Of New Zealand, 1967-1988," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 35(1), pages 1-28, April.
    8. Holst, Carsten & Cramon-Taubdel, Stephan von, 2014. "Trade, Market Integration and Spatial Price Transmission on EU Pork Markets following Eastern Enlargement," 54th Annual Conference, Goettingen, Germany, September 17-19, 2014 187598, German Association of Agricultural Economists (GEWISOLA).
    9. von Cramon-Taubadel, Stephan & Loy, Jens-Peter & Meyer, Jochen, 2003. "The Impact Of Data Aggregation On The Measurement Of Vertical Price Transmission: Evidence From German Food Prices," 2003 Annual meeting, July 27-30, Montreal, Canada 21987, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    10. Holst, Carsten & von Cramon-Taubadel, Stephan, 2013. "Trade, market integration and spatial price transmission on EU pork markets following Eastern enlargement," DARE Discussion Papers 1307, Georg-August University of Göttingen, Department of Agricultural Economics and Rural Development (DARE).
    11. Stephan von Cramon-Taubadel & Jens-Peter Loy & Jochen Meyer, 2006. "The impact of cross-sectional data aggregation on the measurement of vertical price transmission: An experiment with German food prices," Agribusiness, John Wiley & Sons, Ltd., vol. 22(4), pages 505-522.
    12. Said Tifaoui & Stephan Cramon‐Taubadel, 2017. "Temporary Sales Prices and Asymmetric Price Transmission," Agribusiness, John Wiley & Sons, Ltd., vol. 33(1), pages 85-97, January.

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