Price-Quantity Relationships for Selected Retail Cuts of Pork

Lawrence A. Duewer

No 307488, Agricultural Economic Reports from United States Department of Agriculture, Economic Research Service

Abstract: In examining price-quantity relationships of eight cuts of pork (loins, hams, butts, spareribs, sausage, picnics, bacon, and lunch meat); and three types of outlets (chain, independent, and convenience), equation results of a specific cut were found not to differ greatly by retail outlet. Equations of retail price predictions for each of the 24 combinations are presented, and various data series, not generally available are included in the study. Appendixes to the main text provide more complete examination of derivation of data, a brief look at the theory involved, and estimates of elasticity. Data derivations include quantities by cut as they flow through nonretail consumer outlets (hotel restaurants, institutions, and other away-from-home eating places). A shift in pork demand between 1965 and 1966 was noted, and the fact that poultry was a closer competitor of pork than was beef. The study also showed differences in demand among pork cuts, and examined other areas such as sales trends by types of retail outlet

Keywords: Demand and Price Analysis; Food Consumption/Nutrition/Food Safety; Livestock Production/Industries; Research Methods/Statistical Methods (search for similar items in EconPapers)
Pages: 51
Date: 1973
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uerser:307488

DOI: 10.22004/ag.econ.307488

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