This study empirically estimates the South Korean short-run and long-run import demand parameters for source-based dairy products and assess the impacts of the KORUS FTA on dairy product trade. These estimates were derived using a Central Bureau of Statistics (CBS) demand system. The impact of...

Derived demand relationships among four weight categories of feeder cattle entering Texas feedlots and feed were examined using a Generalized McFadden dual cost function specified as an error correction model. Relationships among own- and cross-price elasticities provide evidence for at least...

Estimates of price and scale elasticities for U.S. consumed shrimp are derived using aggregate source country shrimp import data. It was assumed that supply was perfectly elastic and U.S. wholesalers determine the quantities imported from individual countries given the prices and preferences of...

Trade-related factors influencing the decline in domestic market share of U.S. red meats were investigated. The study are to examine the effects of relative meat price changes (domestic and imported), the relative U.S. dollar values and their volatilities, and the effect that BSE has had on U.S....

In this paper we evaluate the performance of a dynamic model of cattle replacement and culling decisions. We derive the price of cattle when it is treated as a unit of capital and evaluate various rates of adjustment of the cattle herd to determine the length of the cattle cycle. Replacement...

A provision of the Food, Conservation, and Energy Act of 2008 requires country of origin labeling (COOL) for certain agricultural commodities. To comply with the law, producers, processors, and retailers face additional production costs associated with labeling, separating, and tracking...