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Please use this identifier to cite or link to this item: http://purl.umn.edu/43432

Title: Effects of Japanese Import Demand on U.S. Livestock Prices: Comment
Authors: Kinnucan, Henry W.
Keywords: elasticities
exchange rates
import demand
income
supply response
tariffs
JEL Codes: Q17
F14
C32
Issue Date: 2004-04
Abstract: A recent study of Miljkovic, Marsh, and Brester estimates that reductions in the Japanese tariff-rate quota between 1993 and 2001 increased U.S. beef prices by $1.03 per cwt and yen depreciation between 1995 and 1998 reduced U.S. hog prices by $0.99 per cwt. Relaxing the assumption that U.S. beef and hog supplies are fixed cuts the total elasticities underlying these estimates by 50% or more. The upshot is that shocks in the Japanese market have little effect on U.S. beef and pork prices. Hence, producers may be better off focusing on domestic issues such as dietary concerns over red meat consumption.
URI: http://purl.umn.edu/43432
Institution/Association: Journal of Agricultural and Applied Economics>Volume 36, Number 01, April 2004
Total Pages: 5
From Page: 251
To Page: 255
Collections: Volume 36, Number 01, April 2004

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