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Analysis of Marketing Margins under Food Recalls and BSE Outbreaks in the U.S. Beef Industry AgEcon
Dhoubhadel, Sunil P.; Castillo, Sergio C.; Capps, Oral, Jr..
It is generally observed that whenever there are cases of disease outbreaks or food recalls, there is a concomitant decline in commodity prices. However, it is still not clear what happens to price spreads among affected agents in the marketing chain. To shed light on this issue, we estimate the collective impact of Bovine Spongiform Encephalopathy (BSE) and food recalls on marketing margins associated with the U.S. beef industry over time. In previous research, the effects of these variables on the market demand of meat were estimated separately. By including these variables together in the same model specification we avoid the possibility of confounding their effects, and we are in position to obtain more precise estimates of elasticities of price...
Tipo: Conference Paper or Presentation Palavras-chave: Marketing margins; Elasticities of price transmission; BSE; Food recalls; U.S. beef industry; Agribusiness; Demand and Price Analysis; Marketing.
Ano: 2009 URL: http://purl.umn.edu/49386
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Political Economy of the U.S. Cattle and Beef Industry: Innovation Adoption and Implications for the Future AgEcon
Bailey, DeeVon.
Market innovation and investment are key elements contributing to the health and success of any industry. However, U.S. cattle and beef interests appear to be resisting some of the market innovations that are occurring in their industry. This includes resisting innovations designed to provide more information and transparency in the marketing chain, such as additional traceability provided by animal identification systems. This paper discusses how institutions supporting the U.S. cattle and beef industry may be failing the industry in terms of helping it adjust to new market conditions, including failing to help the industry foster market innovation. Recommendations are given relating to the first steps of government and the land-grant system can take to...
Tipo: Journal Article Palavras-chave: Competition in world beef markets; Market innovation; U.S. beef industry; Livestock Production/Industries.
Ano: 2007 URL: http://purl.umn.edu/7079
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