Estimating Pork Primal Price Relationships Using a Threshold Vector Autoregressive Analysis
In recent years, wholesale pork prices have experienced large price swings. While supply changes have likely contributed to these price swings, demand for pork bellies, which is the primal cut that is cured into bacon, has grown. We determine the impact of changes in belly prices on the dynamics of wholesale price interactions among pork primal cuts using a threshold VAR model. The results indicate that when pork belly prices are above and below the threshold, price relationships between cuts are different. This work builds upon previous identified pork relationships and has implications for models used in pork procurement and risk management
Year of publication: |
2022
|
---|---|
Authors: | MARTINEZ, CHARLES ; Boyer, Christopher N. ; Yu, Tun-Hsiang ; Li, Pengzhen ; Anderson, David |
Publisher: |
[S.l.] : SSRN |
Saved in:
freely available
Saved in favorites
Similar items by person
-
Ad hoc government payments impact on non-real estate farm debt
Martinez, Charles, (2023)
-
Feeder and fed cattle purchases of livestock risk protection
Boyer, Christopher N., (2023)
-
Conservation in Africa : people, policies and practice
Anderson, David M., (1987)
- More ...