IDEAS home Printed from https://ideas.repec.org/p/ags/aaea10/60947.html

Retail Dairy Prices Fluctuate with the Farm Value of Milk

Author

Listed:
  • Stewart, Hayden
  • Blayney, Donald P.

Abstract

Farm milk prices in the United States fluctuated throughout the 2000-2009 decade. Dairy farmers, industry pundits, and policymakers all reacted with much alarm. One point of concern has been the response of retail prices to farm price volatility. This study investigates farm-to-retail price transmission for two major dairy products – whole milk and Cheddar cheese – in the 2000s. Results show that price shocks at the farm gate were transmitted asymmetrically to retail. However, in order to best identify the nature of the transmission process, it is important to fit alternative model specifications.

Suggested Citation

  • Stewart, Hayden & Blayney, Donald P., 2010. "Retail Dairy Prices Fluctuate with the Farm Value of Milk," 2010 Annual Meeting, July 25-27, 2010, Denver, Colorado 60947, Agricultural and Applied Economics Association.
    • Handle: RePEc:ags:aaea10:60947
    DOI: 10.22004/ag.econ.60947
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/60947/files/AAEA%20Denver%20Poster_10968.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.60947?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Judith Hillen, 2021. "Vertical price transmission in Swiss dairy and cheese value chains," Agricultural and Food Economics, Springer;Italian Society of Agricultural Economics (SIDEA), vol. 9(1), pages 1-21, December.
    2. repec:ers:journl:v:xxiv:y:2021:i:special1:p:1010-1033 is not listed on IDEAS
    3. Mai, Thang Chien & Shakur, Shamim & Cassells, Sue, "undated". "Price Asymmetry of Coffee Beans: Evidence from Vietnam," 2016 Conference, August 25-26, Nelson, New Zealand 260807, New Zealand Agricultural and Resource Economics Society.
    4. Henry Leung & Frank Furfaro, 2020. "Comovement of dairy product futures and firm value: returns and volatility," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 64(3), pages 632-654, July.
    5. Piotr Borawski & Beata Kalinowska & Bartosz Mickiewicz & Andrzej Parzonko & Bogdan Klepacki & James Willam Dunn, 2021. "Changes in the Milk Market in the United States on the Background of the European Union and the World," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 1), pages 1010-1033.
    6. Guo, Jinggang & Johnston, Craig M.T., 2021. "Do protectionist trade policies integrate domestic markets? Evidence from the Canada-U.S. softwood lumber dispute," Forest Policy and Economics, Elsevier, vol. 130(C).
    7. Aneta Bełdycka-Bórawska & Piotr Bórawski & Marta Guth & Andrzej Parzonko & Tomasz Rokicki & Bogdan Klepacki & Marcin Wysokiński & Agnieszka Maciąg & James William Dunn, 2021. "Price changes of dairy products in the European Union," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 67(9), pages 373-381.
    8. Stewart, Hayden & Don, P. Blayney, 2011. "Retail Dairy Prices Fluctuate with the Farm Value of Milk," Agricultural and Resource Economics Review, Cambridge University Press, vol. 40(2), pages 201-217, September.
    9. William Hahn & Hayden Stewart & Donald P. Blayney & Christopher G. Davis, 2016. "Modeling price transmission between farm and retail prices: a soft switches approach," Agricultural Economics, International Association of Agricultural Economists, vol. 47(2), pages 193-203, March.
    10. Maria Leonor Pimenta Marques Verdete da Silva Carvalho & Pedro Damião de Sousa Henriques & Maria Raquel David Pereira Ventura Lucas, 2014. "Price Transmission in the Milk Portuguese Market," CEFAGE-UE Working Papers 2014_19, University of Evora, CEFAGE-UE (Portugal).
    11. Piotr Bórawski & Aneta Bełdycka-Bórawska & Lisa Holden, 2023. "Changes in the Polish Coal Sector Economic Situation with the Background of the European Union Energy Security and Eco-Efficiency Policy," Energies, MDPI, vol. 16(2), pages 1-17, January.
    12. Ioanna Reziti, 2014. "Price transmission analysis in the Greek milk market," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 64(4), pages 75-86, October-D.
    13. Holm, Thore & Loy, Jens-Peter & Steinhagen, Carsten, 2012. "Bio Auch Bei Der Preissetzung: Konsummilch In Deutschland," 52nd Annual Conference, Stuttgart, Germany, September 26-28, 2012 137159, German Association of Agricultural Economists (GEWISOLA).
    14. Tejeda, Hernan A. & Kim, Man-Keun, 2020. "Dynamic price relationships and price discovery among cheese markets," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 24(01), September.
    15. Loy, Jens-Peter & Holm, Thore & Steinhagen, Carsten, 2012. "Vertical Price Transmission In Differentiated Product Markets: A Disaggregated Study For Milk And Butter," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 123284, Agricultural and Applied Economics Association.
    16. Lorena de Oliveira, Maria de Fátima & da Silva Carvalho, Maria Leonor & Raquel Lucas, Maria & Damião Henriques, Pedro & Mora Peixe, Fernanda, 2015. "Price Transmission on the Milk Portuguese Market," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 16(01), pages 1-12.
    17. T. Weldesenbet, 2013. "Asymmetric price transmission in the Slovak liquid milk market," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 59(11), pages 512-524.
    18. Zuzana LAJDOVÁ & Peter BIELIK, 2015. "The evidence of asymmetric price adjustments," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 61(3), pages 105-115.
    19. Piotr Bórawski & Rafał Wyszomierski & Aneta Bełdycka-Bórawska & Bartosz Mickiewicz & Beata Kalinowska & James W. Dunn & Tomasz Rokicki, 2022. "Development of Renewable Energy Sources in the European Union in the Context of Sustainable Development Policy," Energies, MDPI, vol. 15(4), pages 1-20, February.
    20. Dong, Diansheng & Stewart, Hayden, "undated". "Households' Choices Among Fluid Milk Products: What Happens When Income and Prices Change?," Economic Research Report 262226, United States Department of Agriculture, Economic Research Service.
    21. Holm, T. & Loy, J.-P. & Steinhagen, C., . "Bio auch bei der Preissetzung: Konsummilch in Deutschland," Proceedings “Schriften der Gesellschaft für Wirtschafts- und Sozialwissenschaften des Landbaues e.V.”, German Association of Agricultural Economists (GEWISOLA), vol. 48.

    More about this item

    Keywords

    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:aaea10:60947. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/aaeaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.