Wholesale demand for USDA quality graded boxed beef and effects of seasonality

Citation
Jl. Lusk et al., Wholesale demand for USDA quality graded boxed beef and effects of seasonality, J AGR RESOU, 26(1), 2001, pp. 91-106
Citations number
29
Categorie Soggetti
Agriculture/Agronomy,Economics
Journal title
JOURNAL OF AGRICULTURAL AND RESOURCE ECONOMICS
ISSN journal
10685502 → ACNP
Volume
26
Issue
1
Year of publication
2001
Pages
91 - 106
Database
ISI
SICI code
1068-5502(200107)26:1<91:WDFUQG>2.0.ZU;2-P
Abstract
This study estimates wholesale demand for pork, chicken, and quality differ entiated beef. We estimate meat retailer own- and cross-price demand elasti cities for USDA Choice and Select boxed beef Results indicate that meat ret ailers have more elastic demand for lower quality graded beef. Retail beef price has a strong positive relationship with Choice and Select boxed beef demand, and a strong negative relationship with wholesale pork and chicken demand. Seasonal analysis reveals demand for both beef quality grades becom es highly price inelastic during the summer months. The two beef quality gr ades are substitutes during the winter; however, Select beef is not a subst itute for Choice beef in the spring and summer.