Livestock, Dairy, and Poultry Outlook No. (LDPM-11801) 30 pp
Beef and Pork Values and Price Spreads Explained
Livestock and meat prices vary more in the short run than costs of production, processing, and marketing. ERS research shows that month-to-month changes in livestock and meat prices are driven by dynamic adjustment. It takes time for prices to adjust, and they tend to adjust more rapidly when they are increasing than when they are decreasing. When rates depend on direction, price adjustment is called asymmetric. The slow and asymmetric adjustment of prices does not appear to work against livestock producers. This report examines these price transmission issues and also explains price spread calculations and analyzes the relationship between marketing costs and livestock prices in the long run.
Keywords: beef and pork price spreads, asymmetric price transmission, livestock prices, wholesale meat prices, retail meat prices
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Livestock, Dairy, and Poultry Outlook: November 2024
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- 2020
- 2024
- Livestock, Dairy, and Poultry Outlook: November 2024
- Livestock, Dairy, and Poultry Outlook: October 2024
- Livestock, Dairy, and Poultry Outlook: September 2024
- Livestock, Dairy, and Poultry Outlook: August 2024
- Livestock, Dairy, and Poultry Outlook: July 2024
- Livestock, Dairy, and Poultry Outlook: June 2024
- Livestock, Dairy, and Poultry Outlook: May 2024
- Livestock, Dairy, and Poultry Outlook: April 2024
- Livestock, Dairy, and Poultry Outlook: March 2024
- Livestock, Dairy, and Poultry Outlook: February 2024
- Livestock, Dairy, and Poultry Outlook: January 2024
- 2023
- Livestock, Dairy, and Poultry Outlook: December 2023
- Livestock, Dairy, and Poultry Outlook, November 2023
- Livestock, Dairy, and Poultry Outlook: October 2023
- Livestock, Dairy, and Poultry Outlook: September 2023
- Livestock, Dairy, and Poultry Outlook: August 2023
- Livestock, Dairy, and Poultry Outlook: July 2023
- Livestock, Dairy, and Poultry Outlook: June 2023
- Livestock, Dairy, and Poultry Outlook: May 2023
- Livestock, Dairy, and Poultry Outlook: April 2023
- Livestock, Dairy, and Poultry Outlook: March 2023
- Livestock, Dairy, and Poultry Outlook: February 2023
- Livestock, Dairy, and Poultry Outlook: January 2023
- 2022
- Livestock, Dairy, and Poultry Outlook: December 2022
- Livestock, Dairy, and Poultry Outlook: November 2022
- Livestock, Dairy, and Poultry Outlook: October 2022
- Livestock, Dairy, and Poultry Outlook: September 2022
- Livestock, Dairy, and Poultry Outlook: August 2022
- Livestock, Dairy, and Poultry Outlook: July 2022
- Livestock, Dairy, and Poultry Outlook: June 2022
- Livestock, Dairy, and Poultry Outlook: May 2022
- Livestock, Dairy, and Poultry Outlook: April 2022
- Livestock, Dairy, and Poultry Outlook: March 2022
- Livestock, Dairy, and Poultry Outlook: February 2022
- Livestock, Dairy, and Poultry Outlook: January 2022
- 2021
- Livestock, Dairy, and Poultry Outlook: December 2021
- Livestock, Dairy, and Poultry Outlook: November 2021
- Livestock, Dairy, and Poultry Outlook: October 2021
- Livestock, Dairy, and Poultry Outlook: September 2021
- Livestock, Dairy, and Poultry Outlook: August 2021
- Livestock, Dairy, and Poultry Outlook: July 2021
- Livestock, Dairy, and Poultry Outlook: June 2021
- Livestock, Dairy, and Poultry Outlook: May 2021
- Livestock, Dairy, and Poultry Outlook: April 2021
- Livestock, Dairy, and Poultry Outlook: March 2021
- Livestock, Dairy, and Poultry Outlook: February 2021
- Livestock, Dairy, and Poultry Outlook: January 2021
- 2020
- Livestock, Dairy, and Poultry Monthly Outlook: December 2020
- Livestock, Dairy, and Poultry Monthly Outlook: November 2020
- Livestock, Dairy, and Poultry Monthly Outlook: October 2020
- Livestock, Dairy, and Poultry Monthly Outlook: September 2020
- Livestock, Dairy, and Poultry Monthly Outlook: August 2020
- Livestock, Dairy, and Poultry Monthly Outlook: July 2020
- Livestock, Dairy, and Poultry Monthly Outlook: June 2020
- Livestock, Dairy, and Poultry Monthly Outlook, May 2020
- Livestock, Dairy, and Poultry Monthly Outlook: April 2020
- Livestock, Dairy, and Poultry Monthly Outlook: March 2020
- Livestock, Dairy, and Poultry Monthly Outlook: February 2020
- Livestock, Dairy, and Poultry Monthly Outlook: January 2020
- 2010
- 2019
- Livestock, Dairy, and Poultry Outlook: December 2019
- Livestock, Dairy, and Poultry Outlook: November 2019
- Livestock, Dairy, and Poultry Outlook: October 2019
- Livestock, Dairy, and Poultry Outlook: September 2019
- Livestock, Dairy, and Poultry Outlook: August 2019
- Livestock, Dairy, and Poultry Outlook: July 2019
- Livestock, Dairy, and Poultry Outlook: June 2019
- Livestock, Dairy, and Poultry Outlook: May 2019
- Livestock, Dairy, and Poultry Outlook: April 2019
- Livestock, Dairy, and Poultry Outlook: March 2019
- Livestock, Dairy, and Poultry Outlook: February 2019
- 2018
- Livestock, Dairy, and Poultry Outlook: December 2018
- Livestock, Dairy, and Poultry Outlook: November 2018
- Livestock, Dairy, and Poultry Outlook: October 2018
- Livestock, Dairy, and Poultry Outlook: September 2018
- Livestock, Dairy, and Poultry Outlook: August 2018
- Livestock, Dairy, and Poultry Outlook: July 2018
- Livestock, Dairy, and Poultry Outlook: June 2018
- Livestock, Dairy, and Poultry Outlook: May 2018
- Livestock, Dairy, and Poultry Outlook: April 2018
- Livestock, Dairy, and Poultry Outlook: March 2018
- Livestock, Dairy, and Poultry Outlook: February 2018
- Livestock, Dairy, and Poultry Outlook: January 2018
- 2017
- Impacts of the 2014-2015 Highly Pathogenic Avian Influenza Outbreak on the U.S. Poultry Sector
- Livestock, Dairy, and Poultry Outlook: December 2017
- China's Dairy Supply and Demand
- Livestock, Dairy, and Poultry Outlook: November 2017
- Livestock, Dairy, and Poultry Outlook: October 2017
- Livestock, Dairy, and Poultry Outlook: September 2017
- Livestock, Dairy, and Poultry Outlook: August 2017
- Livestock, Dairy, and Poultry Outlook: July 2017
- Livestock, Dairy, and Poultry Outlook: June 2017
- Livestock, Dairy, and Poultry Outlook: May 2017
- Livestock, Dairy, and Poultry Outlook: April 2017
- Livestock, Dairy, and Poultry Outlook: March 2017
- India's Dairy Sector: Structure, Performance, and Prospects
- Livestock, Dairy, and Poultry Outlook: February 2017
- Livestock, Dairy, and Poultry Outlook: January 2017
- China's Pork Imports Rise Along with Production Costs
- 2016
- Livestock, Dairy, and Poultry Outlook: December 2016
- Growth of U.S. Dairy Exports
- Livestock, Dairy, and Poultry Outlook: November 2016
- Livestock, Dairy, & Poultry Outlook: October 2016
- Livestock, Dairy, and Poultry Outlook: September 2016
- Livestock, Dairy, & Poultry Outlook: August 2016
- Livestock, Dairy, & Poultry Outlook: July 2016
- From Where the Buffalo Roam: India's Beef Exports
- Livestock, Dairy, & Poultry Outlook: June 2016
- Livestock, Dairy, and Poultry Outlook: May 2016
- Livestock, Dairy, and Poultry Outlook: April 2016
- Livestock, Dairy, and Poultry Outlook: March 2016
- Livestock, Dairy, and Poultry Outlook
- Tariff Reforms and the Competitiveness of U.S. Beef in Japan
- Livestock, Dairy, & Poultry Outlook: January 2016
- 2015
- Livestock, Dairy, and Poultry Outlook: December 2015
- Livestock, Dairy, and Poultry Outlook: November 2015
- Livestock, Dairy, and Poultry Outlook
- Livestock, Dairy, and Poultry Outlook: September 2015
- Mandatory Price Reporting, Market Efficiency, and Price Discovery in Livestock Markets
- Livestock, Dairy, & Poultry Outlook: August 2015
- Livestock, Dairy, and Poultry Outlook: July 2015
- Livestock, Dairy, and Poultry Outlook: June 2015
- Livestock, Dairy, and Poultry Outlook: May 2015
- Livestock, Dairy, and Poultry Outlook: April 2015
- Livestock, Dairy, and Poultry Outlook: March 2015
- Livestock, Dairy, and Poultry Outlook: February 2015
- Livestock, Dairy, and Poultry Outlook: January 2015
- 2014
- Livestock, Dairy, and Poultry Outlook: December 2014
- Sanitary and Phytosanitary Measures and Tariff-Rate Quotas for U.S. Meat Exports to the European Union
- Livestock, Dairy, & Poultry Outlook: November 2014
- Livestock, Dairy, & Poultry Outlook: October 2014
- Livestock, Dairy, & Poultry Outlook: September 2014
- Livestock, Dairy, and Poultry Outlook: August 2014
- Livestock, Dairy, & Poultry Outlook: July 2014
- Livestock, Dairy, & Poultry Outlook: June 2014
- Livestock, Dairy, and Poultry Outlook: May 2014
- Livestock, Dairy, & Poultry Outlook: April 2014
- Livestock, Dairy, and Poultry Outlook: March 2014
- Livestock, Dairy, & Poultry Outlook: February 2014
- Livestock, Dairy, & Poultry Outlook: January 2014
- 2013
- Livestock, Dairy, & Poultry Outlook: December 2013
- Livestock, Dairy, and Poultry Outlook: November 2013
- Assessing the Growth of U.S. Broiler and Poultry Meat Exports
- Livestock, Dairy, and Poultry Outlook: September 2013
- Livestock, Dairy, and Poultry Outlook: August 2013
- Livestock, Dairy, and Poultry Outlook: July 2013
- Livestock, Dairy, and Poultry Outlook: June 2013
- Livestock, Dairy, and Poultry Outlook: May 2013
- Livestock, Dairy, and Poultry Outlook: April 2013
- Alternative Beef Production Systems: Issues and Implications
- Livestock, Dairy, & Poultry Outlook: March 2013
- Livestock, Dairy, & Poultry Outlook: February 2013
- Livestock, Dairy, & Poultry Outlook: January 2013
- 2012
- Livestock, Dairy, and Poultry Outlook: December 2012
- Livestock, Dairy, and Poultry Outlook: November 2012
- Livestock, Dairy, and Poultry Outlook: October 2012
- Livestock, Dairy, and Poultry Outlook: September 2012
- Livestock, Dairy, and Poultry Outlook: August 2012
- Livestock, Dairy, and Poultry Outlook: July 2012
- Slaughter and Processing Options and Issues for Locally Sourced Meat
- Livestock, Dairy, and Poultry Outlook: June 2012
- Livestock, Dairy, and Poultry Outlook: May 2012
- Livestock, Dairy, and Poultry Outlook: April 2012
- Livestock, Dairy, and Poultry Outlook: March 2012
- Livestock, Dairy, and Poultry Outlook: February 2012
- China's Volatile Pork Industry
- Livestock, Dairy, and Poultry Outlook: January 2012
- 2011
- Livestock, Dairy, and Poultry Outlook: December 2011
- Where's the (Not) Meat?-Byproducts From Beef and Pork Production
- Livestock, Dairy, and Poultry Outlook: November 2011
- Livestock, Dairy, and Poultry Outlook: October 2011
- Livestock, Dairy, and Poultry Outlook: September 2011
- Trade, the Expanding Mexican Beef Industry, and Feedlot and Stocker Cattle Production in Mexico
- Cattle Sector Production Practices and Regional Price Differences
- 2000
- 2007
- Livestock, Dairy, and Poultry Outlook: October 2007
- How Highly Pathogenic Avian Influenza (H5N1) Has Affected World Poultry-Meat Trade
- Beef Production, Markets, and Trade in Argentina and Uruguay: An Overview
- Retail and Consumer Aspects of the Organic Milk Market
- 2006
- Livestock, Dairy, and Poultry Outlook: December 2006
- Animal Products Markets in 2005 and Forecasts for 2006
- Dairy Backgrounder
- An Economic Chronology of Bovine Spongiform Encephalopathy in North America
- 2005
- Factors Affecting U.S. Beef Consumption
- Did the Mandatory Requirement Aid the Market? Impact of the Livestock Mandatory Reporting Act
- Dairy Policies in Japan
- Disease-Related Trade Restrictions Shaped Animal Product Markets in 2004 and Stamp Imprints on 2005 Forecasts
- Market Integration of the North American Animal Products Complex
- Factors Affecting U.S. Pork Consumption
- 2004
- Market Integration in the North American Hog Industries
- U.S. 2003 and 2004 Livestock and Poultry Trade Influenced by Animal Disease and Trade Restrictions
- Beef and Pork Values and Price Spreads Explained