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An intertemporal reduced form model is estimated for boxed beef, carcass, and slaughter prices on a weekly basis. The results indicate that prices respond jointly to changes in economic information within weeks t and t – 1, supporting time-series studies showing farm and wholesale prices to...
Persistent link: https://www.econbiz.de/10005041643
An annual dynamic model of the primary and derived levels of the U.S. beef industry was estimated by rational distributed lags. Geometric rational lags at the retail level were instrumental in establishing prices in the dressed meat trade and the slaughter and feeder levels. Polynomial rational...
Persistent link: https://www.econbiz.de/10005522732
Three methods of calculating the derived elasticity of demand for Choice slaughter beef are used: (a) a traditional marketing margin approach, (b) a modified marketing margin approach, and (c) an econometric, inverse demand model approach. The first method is more restrictive than the second but...
Persistent link: https://www.econbiz.de/10005327765
A dynamic model is used to estimate quarterly price differences between steers and heifers in the feeder, slaughter, and carcass markets. For cattle within the same weight and grade range, their price differences are hypothesized to be influenced by seasonal, economic, and partly reflecting time...
Persistent link: https://www.econbiz.de/10005327785