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dc.contributor.authorParcell, Joseph L.eng
dc.contributor.authorMintert, James R.eng
dc.contributor.authorPlain, Ronald L.eng
dc.date.issued2002eng
dc.descriptionThis draft is from spring 2002.eng
dc.description.abstractAn inverse live hog demand model was estimated to analyze claims that the live hog own quantity demand flexibility's magnitude has increased in recent years. A second objective of this research was to estimate the impact changes in processing capacity utilization rates have on live hog prices. Results indicate that in recent years live hog prices have become more responsive to changes in hog slaughter, slaughter weight, and cold storage stocks. Additionally, changes in processing capacity utilization rates, at times, also have a relatively large impact on live hog prices. Finally, when the large live hog price decline that occurred during the fall of 1998 is examined, model results indicate that the sharp increase in processor's capacity utilization rates, an increase in average dressed weight, and the increase in hog slaughter all had a large negative effect on live hog prices.eng
dc.identifier.urihttp://hdl.handle.net/10355/8978eng
dc.languageEnglisheng
dc.relation.ispartofcollectionAgricultural Economics publications (MU)eng
dc.relation.ispartofcommunityUniversity of Missouri-Columbia. College of Agriculture, Food and Natural Resources. Division of Applied Social Sciences. Department of Agricultural Economicseng
dc.relation.ispartofseriesDepartment of Agricultural Economics working paper ; no. AEWP 2002-10eng
dc.subjectstructural changeeng
dc.subjectU.S. pork producerseng
dc.subjectU.S. hog marketeng
dc.subject.lcshPork -- Priceseng
dc.subject.lcshPork industry and trade -- Economic aspectseng
dc.titleAn Empirical Investigation of Live Hog Demandeng
dc.typeWorking Papereng


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