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Analysis of Marketing Margins in the U.S. Lamb Industry

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  • Capps, Oral
  • Byrne, Patrick J.
  • Williams, Gary W.

Abstract

Factors affecting marketing margins were identified and assessed using a relative price spread technique. Margins were disaggregated into slaughter-to-wholesale and wholesale-to-retail for a more complete understanding. Marketing costs, concentration, demand, and price were used to explain variations within these margins. Results showed that packer concentration had a significant effect on margins. Forces of supply and demand (as represented by production and market price) and changes in marketing costs also explained the variation in margins. A higher degree of price transmission from slaughter-to-wholesale level was observed in comparison to the wholesale-to-retail level.

Suggested Citation

  • Capps, Oral & Byrne, Patrick J. & Williams, Gary W., 1995. "Analysis of Marketing Margins in the U.S. Lamb Industry," Agricultural and Resource Economics Review, Cambridge University Press, vol. 24(2), pages 232-240, October.
    • Handle: RePEc:cup:agrerw:v:24:y:1995:i:02:p:232-240_00
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    References listed on IDEAS

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    1. Bruce L. Gardner, 1975. "The Farm-Retail Price Spread in a Competitive Food Industry," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 57(3), pages 399-409.
    2. Waugh, Frederick V., 1964. "Demand and Price Analysis: Some Examples from Agriculture," Technical Bulletins 171213, United States Department of Agriculture, Economic Research Service.
    3. Menkhaus, Dale J. & St. Clair, James S. & Ahmaddaud, A. Zahedi, 1981. "The Effects Of Industry Structure On Price: A Case In The Beef Industry," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 6(2), pages 1-8, December.
    4. Purcell, Wayne D., 1989. "Analysis of Demand for Beef, Pork, Lamb and Broilers: Implications for the Future," Staff Papers 232388, Virginia Polytechnic Institute and State University, Department of Agricultural and Applied Economics.
    5. Enrique R. Arzac & Maurice Wilkinson, 1979. "A Quarterly Econometric Model of United States Livestock and Feed Grain Markets and Some of Its Policy Implications," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 61(2), pages 297-308.
    6. Deiter, Ronald E. & Montoya, Cristobal & Hayenga, Marvin L., 1986. "Price Impacts Associated with the Closing of Hog Slaughtering Plants," Staff General Research Papers Archive 11081, Iowa State University, Department of Economics.
    7. Hayenga, Marvin & Deiter, Ronald & Montoya, Cristobal, 1986. "Price Impacts Associated with the Closing of Hog Slaughtering Plants," ISU General Staff Papers 198607010700001497, Iowa State University, Department of Economics.
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    Cited by:

    1. Babula, Ronald A., 1997. "Economic Effects Of A Countervailing Duty Order On The U.S. Lamb Meat Industry," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 26(1), pages 1-12, April.
    2. Abdulkadri, Abdullahi O. & Ajibefun, Igbekele A., 2004. "An Analysis Of Farm-Retail Price Spread For Jamaican Fresh Fruits," 2004 Annual Meeting, February 14-18, 2004, Tulsa, Oklahoma 34648, Southern Agricultural Economics Association.

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