IDEAS home Printed from https://ideas.repec.org/a/oup/ajagec/v47y1965i3p803-812..html
   My bibliography  Save this article

Short-Run Price Effects of a Structural Change in a Terminal Market for Hogs

Author

Listed:
  • Harold G. Love
  • D. Milton Shuffett

Abstract

This article reports the results of an empirical analysis designed to measure the changes in relative and absolute levels of hog prices accompanying a change in the buying structure of the Louisville, Kentucky, terminal livestock market. During May 1960, the buying structure appeared to have shifted from a circular competitive relationship among firms to a dominant firm situation. This shift allowed the effects of the different structural patterns on price to be measured and appraised. The empirical results of this study illustrate the sharp change that occurred in relative prices with the changed structural relationships and provide a guide for estimating price changes that will occur in other areas and for other products under similar conditions.

Suggested Citation

  • Harold G. Love & D. Milton Shuffett, 1965. "Short-Run Price Effects of a Structural Change in a Terminal Market for Hogs," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 47(3), pages 803-812.
    • Handle: RePEc:oup:ajagec:v:47:y:1965:i:3:p:803-812.
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.2307/1236290
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Riggins, Steven K., 1978. "The Pricing Efficiency Of Corn In A Minor Surplus Production Area," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 10(2), pages 1-5, December.
    2. Kellie Curry Raper & Laura M. Cheney & Meeta Punjabi, 2006. "Regional Impacts of a U.S. Hog Slaughter Plant Closing: The Thorn Apple Valley Case," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 28(4), pages 531-542.
    3. Azzam, Azzeddine M., 1998. "Competition in the US meatpacking industry: is it history?," Agricultural Economics, Blackwell, vol. 18(2), pages 107-126, March.
    4. Helmberger, Peter G. & Campbell, Gerald R. & Dobson, William D., 1981. "PART IV. Organization and Performance of Agricultural Markets," AAEA Monographs, Agricultural and Applied Economics Association, number 337229, january.
    5. 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.
    6. Ward, Clement E., 1987. "Productivity-Concentration Relationship In The U.S. Meatpacking Industry," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 19(2), pages 1-6, December.
    7. Ward, Clement E., 1984. "An Empirical Study Of Competition In The Price Discovery Process For Slaughter Lambs," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 9(1), pages 1-10, July.
    8. Raper, Kellie Curry & Cheney, Laura Martin & Punjabi, Meeta, 2000. "Assessing The Impact Of A Hog Slaughter Plant Closing: The Thorn Apple Valley Case," Staff Paper Series 11658, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    9. Bobst, Barry W., 1973. "Effects Of Location Basis Variability On Hedging Of Slaughter Hogs In The South," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 5(1), pages 1-6, July.
    10. Montoya, Cristobal Gerardo, 1982. "The impact of slaughter plant closings on producer prices," ISU General Staff Papers 1982010108000018044, Iowa State University, Department of Economics.
    11. Hornung, Jonathan T. & Ward, Clement E., 2005. "Positive Market Effects from a Meatpacking Plant Opening: Perceptions and Reality," CAFRI: Current Agriculture, Food and Resource Issues, Canadian Agricultural Economics Society, issue 6, pages 1-10, March.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:ajagec:v:47:y:1965:i:3:p:803-812.. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://edirc.repec.org/data/aaeaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.