Market Impacts of the 2012 Lean Finely Textured Beef Controversy

Matthew Herrington, Sean Fox and Glynn Tonsor

No 150020, 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. from Agricultural and Applied Economics Association

Abstract: The impact of the March, 2012 LFTB media event on beef prices was estimated by using the Relative Price of a Substitute Good method applied to 50% and 90% lean beef trim and cull cow prices. Stationarity tests conclude both of the relative prices were cointegrated prior to the LFTB event. Preliminary results suggest the date of the price impact was April 7, 2012 with current estimates suggesting an 11-12% reduction in relative prices of 50% beef trim. Ongoing research is adding more recent data and additional assessments to assess robustness of initial findings.

Keywords: Agricultural and Food Policy; Demand and Price Analysis; Livestock Production/Industries (search for similar items in EconPapers)
Pages: 28
Date: 2013-06-04
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/150020/files/AAEA_SelectedPaper_5.27.13_.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:aaea13:150020

DOI: 10.22004/ag.econ.150020

Access Statistics for this paper

More papers in 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. from Agricultural and Applied Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().