The Demand for Livestock by the U.S. Meat Processing Industry

Tullaya Boonsaeng and Michael Wohlgenant ()

No 21120, 2006 Annual meeting, July 23-26, Long Beach, CA from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: This paper studies the demand of domestic and imported livestock by the U.S. meat processing industry. Two types of meats are analyzed: slaughter cattle and hogs. Static and dynamic inverse input demand models are estimated. The static inversed input demand model performed better than the dynamic inversed input demand models. Calculated own price elasticities (flexibilities) and cross price elasticities (flexibilities) indicate that the demand for imported livestock by the meat processing industry is very sensitive to the change in the domestic price for livestock. The demand of domestic slaughter livestock is less sensitive to the change in imported livestock prices.

Keywords: Agribusiness (search for similar items in EconPapers)
Pages: 26
Date: 2006
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://ageconsearch.umn.edu/record/21120/files/sp06bo07.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea06:21120

DOI: 10.22004/ag.econ.21120

Access Statistics for this paper

More papers in 2006 Annual meeting, July 23-26, Long Beach, CA from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().