Adjustments in Retail Prices of Beef to Supply Changes

William C. Motes

No 320323, Miscellaneous Publications from United States Department of Agriculture, Economic Research Service

Abstract: Excerpt from the report: The purpose of this article is to examine recent retail beef price adjustments and their relation to changes in live and wholesale prices. Questions of whether retail prices responded as quickly and as fully as they should cannot be answered completely. Criteria that can be used to evaluate retail price performance are vague and incomplete. Certainly it takes time for changes in supply to move from level to level in the marketing system and for information regarding these changes to move between and within levels. No one can say how long this movement should take or how long it should take the trade to react. Thus, this analysis is limited to consideration of: (1) Reaction time in 1962-63 compared with periods of sharp change in the recent past, and (2) the extent of changes at live and retail levels.

Keywords: Demand and Price Analysis; Livestock Production/Industries; Marketing (search for similar items in EconPapers)
Pages: 12
Date: 1963-05
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersmp:320323

DOI: 10.22004/ag.econ.320323

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