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An Empirical Analysis Of The Demand For Wholesale Pork Primals: Seasonality And Structural Change

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  • Parcell, Joseph L.

Abstract

A set of inverse wholesale pork primal demand models are estimated to determine the own-quantity flexibility, to ascertain seasonal price fluctuations, and to examine whether the flexibilities change in absolute magnitude over time. Results indicate that the own-quantity flexibility varied within the year. Also, it is determined that the own-quantity flexibility increased in magnitude (absolute value) over time for some of the primal cuts evaluated. However, for Hams the price flexibility became positive after early 1998. An increase in cold storage stocks of Hams may have led to the positive own-quantity flexibility and cold storage stocks may have been used to offset the potential Ham price decline of 1998.

Suggested Citation

  • Parcell, Joseph L., 2002. "An Empirical Analysis Of The Demand For Wholesale Pork Primals: Seasonality And Structural Change," Working Papers 26033, University of Missouri Columbia, Department of Agricultural Economics.
    • Handle: RePEc:ags:umcowp:26033
    DOI: 10.22004/ag.econ.26033
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    Cited by:

    1. Brinker, Adam J. & Parcell, Joseph L. & Dhuyvetter, Kevin C., 2007. "Cross-Hedging Distillers Dried Grains: Exploring Corn and Soybean Meal Futures Contracts," 2007 Conference, April 16-17, 2007, Chicago, Illinois 37567, NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management.
    2. Jebaraj Asirvatham & Sanjib Bhuyan, 2018. "Incentives and Impacts of Vertical Coordination in a Food Production-Marketing Chain: A Non-cooperative Multi-Stage, Multi-Player Analysis," Journal of Industry, Competition and Trade, Springer, vol. 18(1), pages 59-95, March.
    3. Parcell, Joseph L. & Boessen, Christian R. & Altman, Ira J. & Sanders, Dwight R., 2008. "Cross-Hedging Fishmeal: Exploring Corn and Soybean Meal Futures Contracts," 2008 Annual Meeting, February 2-6, 2008, Dallas, Texas 6763, Southern Agricultural Economics Association.
    4. Hubbs, Todd & Kuethe, Todd H. & Baker, Timothy G., 2009. "Evaluating the Dynamic Nature of Market Risk," 2009 Conference, April 20-21, 2009, St. Louis, Missouri 53037, NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management.
    5. Poray, Michael C. & Gray, Allan W. & Boehlje, Michael, 2002. "Evaluation of Alternative Coordination Systems Between Producers and Packers in the Pork Value Chain," Staff Papers 200386, Purdue University, Department of Agricultural Economics.

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