Hog Price Flexibilities as Related to Cycle Phases

D. W. Parvin

Journal of Agricultural and Applied Economics, 1972, vol. 4, issue 1, 119-122

Abstract: During the past decade, commercial pork production has varied from 723 to 1,372 million pounds (dressed weight) per month. For the same period, the average farm price of hogs has ranged from $12 to $30. Consequently, net returns to hog producers were highly variable.Agricultural economists have devoted considerable research effort to estimating the quantity-price relationship for pork. Purcell and Raunikar suggest that the relationship between price and quantity of pork may differ for positive and negative changes in the price of pork at the retail level.

Date: 1972
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