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Low and inconsistent beef quality has been blamed by some for the losses of beef's share of total meat consumption. Tighter vertical coordination through use of alternative marketing arrangements and more precise price signaling through use of different cattle valuation methods may help improve...
Persistent link: https://www.econbiz.de/10008503218
This work measures the impact of captive supplies, or cattle procured through alternative marketing agreements (AMAs), on meatpacker costs, gross margins, and profits. Confidential profit and loss data were examined from all the individual packing plants within the four largest packing firms for...
Persistent link: https://www.econbiz.de/10008503244
Persistent link: https://www.econbiz.de/10010545857
Consolidation in meatpacking has elicited many market power concerns and studies. A noncooperative, infinitely repeated game theory model was developed and an empirical model estimated to measure beef packing firm behavior in cattle procurement. Experimental market data from three semester-long...
Persistent link: https://www.econbiz.de/10008503250
The Fed Cattle Market Simulator (FCMS), an experimental market, was used to estimate impacts from two meatpacking firm mergers. Data were collected from two FCMS workshops with large agribusiness firms. Experimental mergers involved the two smaller packers in the market in one case and the two...
Persistent link: https://www.econbiz.de/10008552245
Economies of size studies can be categorized according to the methodology employed. Two recent studies for cattle slaughtering and beef fabrication that varied widely in methodology and data were compared using a binary variable regression model. Despite differences in data and the methodology...
Persistent link: https://www.econbiz.de/10008569972
A conceptual framework for examining implications of excess slaughtering capacity in meatpacking is presented. Excess capacity stems from two sources: percentage plant utilization based on line speed and based on length of operating time per given period. Data from a mail survey of 310...
Persistent link: https://www.econbiz.de/10008569998