Feed grain prices and slaughter beef composition
1981
Ospina, Enrique | Shumway, C. Richard
Extract: The purpose of this paper is to examine the relationships between feed grain prices and the beef product mix. An annual econometric model of the U.S. livestock industry is used to evaluate the impact of corn price changes on the composition of slaughter beef supplies and the relative prices of the quality categories by analyzing the reduced form dynamic multipliers. A brief explanation of the model is presented followed by the results and selected policy implications.
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