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Cattle Hides and Shoe Prices

Author

Listed:
  • Poats, Fred

Abstract

Cattle hide prices more than doubled between August 1971 and June 1972. To restrain the impact on retail shoe prices, the U.S. Government imposed strict regulations on tanner, shoe-maker, and retailer markups and invoked cattle hide export limits. Data on leather tanning and the cost of manufacturing men's oxford shoes indicate a hide price change of 1 cent per pound increases side-upper shoe leather material costs 1.46 cents per square foot. Therefore the recent sharp hide price increase would have increased the cost of leather in a pair of men's oxford shoes by 66 to 75 cents, or 5-7 percent of factory selling prices.

Suggested Citation

  • Poats, Fred, 1972. "Cattle Hides and Shoe Prices," Miscellaneous Publications 324160, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uersmp:324160
    DOI: 10.22004/ag.econ.324160
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