Cattle Hides and Shoe Prices

Fred Poats

No 324160, Miscellaneous Publications from United States Department of Agriculture, Economic Research Service

Abstract: Cattle hide prices more than doubled between August 1971 and June 1972. To restrain the impact on retail shoe prices, the U.S. Government imposed strict regulations on tanner, shoe-maker, and retailer markups and invoked cattle hide export limits. Data on leather tanning and the cost of manufacturing men's oxford shoes indicate a hide price change of 1 cent per pound increases side-upper shoe leather material costs 1.46 cents per square foot. Therefore the recent sharp hide price increase would have increased the cost of leather in a pair of men's oxford shoes by 66 to 75 cents, or 5-7 percent of factory selling prices.

Keywords: Agricultural and Food Policy; Demand and Price Analysis; Livestock Production/Industries; Marketing (search for similar items in EconPapers)
Pages: 11
Date: 1972-08
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersmp:324160

DOI: 10.22004/ag.econ.324160

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