Ethanol and Meat in the U.S.: A Multi-Market Analysis

Suparna Bhattacharya, Azzeddine Azzam and Darrell R. Mark

No 49371, 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin from Agricultural and Applied Economics Association

Abstract: Since corn is the primary feedstock used for producing ethanol in the U.S., and ethanol production yields byproducts that can be fed to livestock in combination with corn, addressing the effect of ethanol production on meat markets should consider not only demand and supply interdependence between corn, ethanol, and ethanol byproducts; but also demand and supply interdependence between different types of meats. This paper develops a multi-market equilibrium displacement model to account for the interdependence. Six markets are considered: beef, pork, poultry, corn, ethanol, and ethanol byproducts. Results show that poultry is the most sensitive to ethanol production, followed by beef and pork.

Keywords: Demand; and; Price; Analysis (search for similar items in EconPapers)
Pages: 42
Date: 2009
New Economics Papers: this item is included in nep-agr
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea09:49371

DOI: 10.22004/ag.econ.49371

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