EconPapers    
Economics at your fingertips  
 

IMPACTS OF CORN AND SOYBEAN MEAL PRICE CHANGES ON THE DEMAND AND SUPPLY OF U.S. BROILERS

Ajchara Pothidee, Albert J. Allen and Darren Hudson ()

No 21602, 1999 Annual meeting, August 8-11, Nashville, TN from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: This study examined factors that affected the prices of corn and soybean meal and the impact of these prices on market demand and supply for U.S. broilers. An econometric model consisting of four structural equations and one identity was formulated and estimated using quarterly data from 1976 to 1996. One of the results reveals that soybean meal price flexibilities with respect to soybean prices were highly elastic in both the short and long run. This means that changes in soybean prices have a relatively large effect on meal price. In contrast, meal price and oil price moved in opposite directions. An increase in oil price encourages an increase in crushing oilseeds, resulting in an increase in both oil and meal supply. In addition, results indicated that a sustained increase in corn and soybean meal prices will have an immediate impact on broiler quantities and prices.

Keywords: Demand; and; Price; Analysis (search for similar items in EconPapers)
Pages: 14
Date: 1999
References: View complete reference list from CitEc
Citations: View citations in EconPapers (4) Track citations by RSS feed

Downloads: (external link)
https://ageconsearch.umn.edu/record/21602/files/sp99po01.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:aaea99:21602

DOI: 10.22004/ag.econ.21602

Access Statistics for this paper

More papers in 1999 Annual meeting, August 8-11, Nashville, TN 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 ().

 
Page updated 2021-06-19
Handle: RePEc:ags:aaea99:21602