Hostname: page-component-7479d7b7d-k7p5g Total loading time: 0 Render date: 2024-07-13T00:25:50.476Z Has data issue: false hasContentIssue false
  • English
  • Français

The Changing Demand Structure for Pork and Beef in the 1970s: Implications for the 1980s

Published online by Cambridge University Press:  28 April 2015

Curtis Braschler
Curtis Braschler*
Affiliation:
University of Missouri-Columbia
Get access Rights & Permissions [Opens in a new window]

Extract

During the 1960s and through 1973, a single equation demand system resulted in reasonably accurate forecasts of both pork and beef prices at the farm and retail levels (Grimes 1974a, 1974b). Errors in forecasts were primarily attributable to errors in projections of supply variables and, to a lesser extent, projections of consumer income. Some minor errors resulted from random variation, captured in an error variable.

Type
Research Article
Information
Journal of Agricultural and Applied Economics , Volume 15 , Issue 2 , December 1983 , pp. 105 - 110
Copyright
Copyright © Southern Agricultural Economics Association 1983

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Bullock, B. J. “Consumer Preference Structure for Meats: Has It Shifted?” Unpubl. ms., 1980.Google Scholar
Bullock, B. J., and Trapp, J. N.. “A Discussion of Evidence of Structural Change and Methods of Evaluating the Economic Implications of Structural Change in the U.S. Meat Market.” Paper presented at S-1 16 Symposium on Improving Efficiency in the Livestock-Meat Sub-Sector, Atlanta, Georgia, October 1980.Google Scholar
Chavas, Jean-Paul. “Structural Change in the Demand for Meat.” Amer. J. Agr. Econ. 65(1983): 148–153.CrossRefGoogle Scholar
Cicarelli, James, and Narayan, Jack. “The Performance of Eleven Economic Forecasting Models in the 1970's.” Bus. Econ. September (1980): 12–16.Google Scholar
Cornelius, J. C, Ikerd, J. E., and Nelson, A. G.. “A Preliminary Evaluation of Price Forecasting Performance by Agricultural Economics.” Amer. J. Agr. Econ. 63(1981):712—714.CrossRefGoogle Scholar
Foote, R. J. “Analytical Tools for Studying Demands and Price Structure.” Agricultural Handbook No. 146, August 1958.Google Scholar
Fox, K. A. “The Analysis of Demand for Farm Products.” USDA Tech. Bull. No. 108k, September 1953.Google Scholar
Grimes, Glenn. “Beef Cattle Outlook.” Missouri Agricultural Outlook Letter. Coop. Ext. Ser., University of Missouri College of Agriculture, January 1974a.Google Scholar
Grimes, Glenn. “Swine Outlook.” Missouri Agricultural Outlook Letter. Coop. Ext. Ser., University of Missouri College of Agriculture, March 1974b.Google Scholar
Grimes, Glenn. “Cattle Outlook.” Missouri Agricultural Outlook Letter. Coop. Ext. Ser., University of Missouri College of Agriculture, January 1977a.Google Scholar
Grimes, Glenn. “Cattle Outlook.” Missouri Agricultural Outlook Letter. Coop. Ext. Ser., University of Missouri College of Agriculture, July 1977b.Google Scholar
Just, R. E., and Rausser, G. C.. “Commodity Price Forecasting with Large-Scale Econometric Models and the Futures Market.” Amer. J. Agr. Econ. 63(1981): 197–208.CrossRefGoogle Scholar
Ikerd, J. E. “The Battle Among Beef, Pork and Poultry for the Consumer's Meat Dollar.” Department of Agricultural Economics, Oklahoma State University, Oklahoma State University Agricultural Economics Paper 82-33, March 1982.Google Scholar
Madalla, G. S.Econometrics. “Varying Parameter Models,” Chapter 17. New York: McGraw Hill Book Company, 1977.Google Scholar
U.S. Department of Commerce. “Survey of Current Business.” [Bureau of Economic Analysis.] Various issues, 1950-1983.Google Scholar