Beef and milk price links in Turkey
Gokhan Ozertan () and
Hasan Tekgüç ()
Economics Bulletin, 2013, vol. 33, issue 4, 2607-2616
This article addresses the recent beef price spikes in Turkey, using contemporary time-series analysis. The arguments point to the impact of low milk prices that led to liquidation of dairy herds and decline of beef prices initially due to the liquidation and increased meat supply, and subsequent price increases in the next year due to decreased supply. The results revealed that dairy herd liquidation had a delayed impact of a year to 18 months on farm, wholesale, and retail beef prices. Those effects wore off over a two-year time period.
Keywords: dairy herd liquidation; milk and beef prices; time-series analysis; Turkey (search for similar items in EconPapers)
JEL-codes: Q1 A1 (search for similar items in EconPapers)
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