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| Registros recuperados: 40 | |
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| Brester, Gary W.; Marsh, John M.. |
| An annual dynamic model of the primary and derived levels of the U.S. beef industry was estimated by rational distributed lags. Geometric rational lags at the retail level were instrumental in establishing prices in the dressed meat trade and the slaughter and feeder levels. Polynomial rational lags characterized primary inventory supply, which, along with cattle and corn prices, determined the production of fed and nonfed beef. The results suggest that the short- and long-term market behavior in the beef industry is better understood when higher and lower order market interactions are taken into account. |
| Tipo: Journal Article |
Palavras-chave: Livestock Production/Industries; Marketing. |
| Ano: 1983 |
URL: http://purl.umn.edu/32485 |
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| Marsh, John M.. |
| Three methods of calculating the derived elasticity of demand for Choice slaughter beef are used: (a) a traditional marketing margin approach, (b) a modified marketing margin approach, and (c) an econometric, inverse demand model approach. The first method is more restrictive than the second but both tend to overestimate beef price flexibility and revenue changes. The econometric model, though an incomplete demand system, yields demand elasticities that are more consistent with marketing flexibility but are less pronounced than estimates of a complete system. An example using a two-year revenue forecast compares slaughter revenue adjustments based on the first margin method with those based on structural demand models. |
| Tipo: Journal Article |
Palavras-chave: Demand and Price Analysis. |
| Ano: 1991 |
URL: http://purl.umn.edu/32607 |
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| Marsh, John M.. |
| Livestock dressed weights have experienced significant trends and volatility which affect wholesale production of red meats. An econometric model was used to estimate the impact of relative prices and technology on cattle and hog average dressed weights. For fed steers and heifers, the economic incentives affecting placement weights and weight added in feedlots were considered. Results indicate quarterly dressed weights of steers and heifers respond to contemporaneous profitability ratios and to lagged feeder prices, the effects being highly inelastic. Cow dressed weights also responded while hog dressed weights did not respond to profitability ratios. Technology changes may have accounted for about 83% of dressed weight growth for steers and about 62% for... |
| Tipo: Journal Article |
Palavras-chave: Livestock Production/Industries. |
| Ano: 1999 |
URL: http://purl.umn.edu/30808 |
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| Brester, Gary W.; Marsh, John M.. |
| The Uruguay Round trade negotiations completed in April 1994 reduced beef trade barriers. Trade barriers for beef products have historically been significant. The Uruguay Round essentially converts many nontariff barriers (quotas) to tariffs (tariffication), includes safeguards for import surges, establishes minimum access commitments, reduces domestic subsidy supports, and provides special tariff allowances for developing countries. These provisions, commensurate with a growing world demand for animal source proteins, will likely increase U.S. fed beef exports and ground beef imports. The United States is a major world producer as well as exporter of beef. In 1996, the United States represented 35 percent of world beef production (ranked first) and 28... |
| Tipo: Working or Discussion Paper |
Palavras-chave: GATT; Beef trade; Cattle prices; Q0; International Relations/Trade; Demand and Price Analysis. |
| Ano: 1998 |
URL: http://purl.umn.edu/29169 |
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| Young, Linda M.; Marsh, John M.. |
| The live cattle and beef markets of Canada and the United States are well integrated and highly interdependent, but in an unequal fashion. This paper assesses the role of trade agreements and domestic policies in increasing market integration and analyses the impact of remaining barriers to integration. In this paper, we use integration in the context of forming or blending markets into a whole. When the Canada-United States Free Trade Agreement (CFTA) was implemented in 1989, tariffs on both live cattle and beef were reduced and within a few years many were eliminated. In 1996, the United States imported 1.5 million head of slaughter and feeder cattle from Canada, nearly a sixfold increase in the number of cattle imported prior to CFTA, which numbered... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Live cattle trade; U.S. cattle and beef; Canadian cattle and beef; International Relations/Trade; F1. |
| Ano: 1998 |
URL: http://purl.umn.edu/29171 |
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| Marsh, John M.; Brester, Gary W.. |
| An intertemporal reduced form model is estimated for boxed beef, carcass, and slaughter prices on a weekly basis. The results indicate that prices respond jointly to changes in economic information within weeks t and t 1, supporting time-series studies showing farm and wholesale prices to be nearly instantaneously related. However, the existence of market uncertainty entails significant intertemporal lags, revealed by prices stabilizing 9-14 weeks subsequent to a market shock. The model results imply that postponing marketings of fed cattle to capitalize on expected price advantages would be risky and that selling cattle carcass grade and weight is more favorable when prices respond to increases in beef production. |
| Tipo: Journal Article |
Palavras-chave: Demand and Price Analysis; Livestock Production/Industries. |
| Ano: 1989 |
URL: http://purl.umn.edu/32354 |
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| Registros recuperados: 40 | |
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