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Changing Impacts of Beef Demand on Cattle Producers

Author

Listed:
  • McKendree, Melissa G.S.
  • Tonsor, Glynn T.
  • Schroder, Ted C.
  • Hendricks, Nathan P.

Abstract

Economists have long recognized changes in consumer demand directly impact stakeholders throughout corresponding supply chains. However, empirical applications quantifying how demand signals are transmitted through vertically connected industries are limited. One study which provided empirical linkages between changes in retail level U.S. beef demand and economic welfare of beef producers was provided by Marsh (2003). However, given the changing landscape of the beef industry, changing consumer preferences, and globalization this paper is outdated. Our analysis aims to provide an improved quantification of how changes in retail and export beef demand are transmitted to different members of the beef industry.

Suggested Citation

  • McKendree, Melissa G.S. & Tonsor, Glynn T. & Schroder, Ted C. & Hendricks, Nathan P., 2017. "Changing Impacts of Beef Demand on Cattle Producers," 2017 Annual Meeting, February 4-7, 2017, Mobile, Alabama 252730, Southern Agricultural Economics Association.
    • Handle: RePEc:ags:saea17:252730
    DOI: 10.22004/ag.econ.252730
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    References listed on IDEAS

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    1. Zhao, Zishun & Wahl, Thomas I. & Marsh, Thomas L., 2006. "Invasive Species Management: Foot-and-Mouth Disease in the U.S. Beef Industry," Agricultural and Resource Economics Review, Cambridge University Press, vol. 35(1), pages 98-115, April.
    2. Abigail M. Okrent & Julian M. Alston, 2012. "The Effects of Farm Commodity and Retail Food Policies on Obesity and Economic Welfare in the United States," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 94(3), pages 611-646.
    3. Robert L. Weaber & Jayson L. Lusk, 2010. "The Economic Value of Improvements in Beef Tenderness by Genetic Marker Selection," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 92(5), pages 1456-1471.
    4. Dustin L. Pendell & Gary W. Brester & Ted C. Schroeder & Kevin C. Dhuyvetter & Glynn T. Tonsor, 2010. "Animal Identification and Tracing in the United States," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 92(4), pages 927-940.
    5. John M. Marsh, 2003. "Impacts of Declining U.S. Retail Beef Demand on Farm-Level Beef Prices and Production," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 85(4), pages 902-913.
    6. John M. Marsh & Gary W. Brester & Vincent H. Smith, 2008. "Effects of North American BSE Events on U.S. Cattle Prices," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 30(1), pages 136-150.
    7. Purcell, Wayne D., 1989. "The Case of Beef Demand: A Failure by the Discipline," Choices: The Magazine of Food, Farm, and Resource Issues, Agricultural and Applied Economics Association, vol. 4(2), pages 1-4.
    8. Michael K. Wohlgenant, 1993. "Distribution of Gains from Research and Promotion in Multi-Stage Production Systems: The Case of the U.S. Beef and Pork Industries," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 75(3), pages 642-651.
    9. Craig A. Gallet, 2010. "Meat Meets Meta: A Quantitative Review of the Price Elasticity of Meat," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 92(1), pages 258-272.
    10. Wohlgenant, Michael K., 2006. "Retail-to-Farm Transmission of Generic Advertising Effects," Choices: The Magazine of Food, Farm, and Resource Issues, Agricultural and Applied Economics Association, vol. 21(2), pages 1-6.
    11. John D. Jackson, 1997. "Effects of Health Information and Generic Advertising on U.S. Meat Demand," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(1), pages 13-23.
    12. Henry L. Bryant & George C. Davis, 2008. "Revisiting Aggregate U.S. Meat Demand with a Bayesian Averaging of Classical Estimates Approach: Do We Need a More General Theory?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 90(1), pages 103-116.
    13. Joseph V. Balagtas & Sounghun Kim, 2007. "Measuring the Effects of Generic Dairy Advertising in a Multi-Market Equilibrium," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 89(4), pages 932-946.
    14. John M. Marsh & Gary W. Brester & Vincent H. Smith, 2008. "Effects of North American BSE Events on U.S. Cattle Prices," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 30(1), pages 136-150.
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    More about this item

    Keywords

    Demand and Price Analysis; Livestock Production/Industries; Marketing; Production Economics;
    All these keywords.

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