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Projected Consumption Of Livestock Products

Author

Listed:
  • Grande, Jorunn
  • Houck, James P.
  • Olson, Kent D.

Abstract

The U.S. consumption pattern of livestock products has changed considerably and is expected to keep changing. The first part of this paper reviews the consumption trends and the price and nonprice factors affecting those trends. In the second part, future consumption patterns are projected. The projections of the constant income elasticity model and the Tornquist functions are rejected due to recent trends which do not receive enough weight in these models. A third model which projects consumption shares is selected as a more accurate predictor. By the year 2010, national consumption of beef is estimated to decrease by 5 to 10%; pork to increase by up to 5%. Lamb and mutton will continue to be consumed less. Poultry consumption will increase dramatically while egg consumption will decrease.

Suggested Citation

  • Grande, Jorunn & Houck, James P. & Olson, Kent D., 1994. "Projected Consumption Of Livestock Products," Staff Papers 13642, University of Minnesota, Department of Applied Economics.
    • Handle: RePEc:ags:umaesp:13642
    DOI: 10.22004/ag.econ.13642
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    References listed on IDEAS

    as
    1. Putnam, Judith Jones, 1990. "Food Consumption," Food Review/ National Food Review, United States Department of Agriculture, Economic Research Service, vol. 13(3), September.
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    3. Kinsey, Jean D., 1990. "The Growing Elderly Crowd And Their Food Habits," Staff Papers 14069, University of Minnesota, Department of Applied Economics.
    4. Smith, Blair J. & Yonkers, Robert D., 1990. "The Importance of Cereal to Fluid Milk Consumption," AE & RS Research Reports 257707, Pennsylvania State University, Department of Agricultural Economics and Rural Sociology.
    5. Lee, Jonq-Ying & Brown, Mark G, 1986. "Food Expenditures at Home and Away from Home in the United States-A Switching Regression Analysis," The Review of Economics and Statistics, MIT Press, vol. 68(1), pages 142-147, February.
    6. Smith, Blair J. & Herrmann, Robert O. & Warland, Rex H., 1990. "Milk Consumption and Consumer Concerns about Fat, Cholesterol, and Calories," AE & RS Research Reports 257706, Pennsylvania State University, Department of Agricultural Economics and Rural Sociology.
    7. Kinsey, Jean D., 1990. "U.S. Demographic Trends And Their Relationship To Food Markets," Staff Papers 13264, University of Minnesota, Department of Applied Economics.
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