PIG CARCASE PRICING MODELS: A PRELIMINARY INVESTIGATION

This paper reports on a preliminary study which aimed to determine whether a proposed pig carcase description scheme could be regarded as appropriate for the needs of market participants in the Australian pig market. Regression techniques applied to carcase measurements and cut-out data revealed tha...

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Bibliographic Details
Published inReview of Marketing and Agricultural Economics Vol. 45; no. 4; pp. 146 - 158
Main Authors Griffith, Garry R, Giles, L.R
Format Journal Article
LanguageEnglish
Published 01.12.1977
Edition430
Subjects
Demand and Price Analysis
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Summary:This paper reports on a preliminary study which aimed to determine whether a proposed pig carcase description scheme could be regarded as appropriate for the needs of market participants in the Australian pig market. Regression techniques applied to carcase measurements and cut-out data revealed that those carcase characteristics used as the basis of the description scheme significantly explained wholesale and retail carcase values. Available evidence also suggests that market participants are using this measurement information in their trading activities.
DOI:10.22004/ag.econ.9215