Do marketing margins change with food scares? Examining the effects of food recalls and disease outbreaks in the us red meat industry

This paper examines the impact of food scares on marketing margins in the US beef and pork industry. We analyze how market stresses induced by different food recalls and disease outbreaks affect price margins and the extent of price transmission at the slaughter-to-wholesale and wholesale-to-retail...

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Autores principales: Hernandez, Manuel A., Colin-Castillo, Sergio, Capps, Oral, Jr.
Formato: Artículo preliminar
Lenguaje:Inglés
Publicado: International Food Policy Research Institute 2011
Materias:
Acceso en línea:https://hdl.handle.net/10568/154284
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author Hernandez, Manuel A.
Colin-Castillo, Sergio
Capps, Oral, Jr.
author_browse Capps, Oral, Jr.
Colin-Castillo, Sergio
Hernandez, Manuel A.
author_facet Hernandez, Manuel A.
Colin-Castillo, Sergio
Capps, Oral, Jr.
author_sort Hernandez, Manuel A.
collection Repository of Agricultural Research Outputs (CGSpace)
description This paper examines the impact of food scares on marketing margins in the US beef and pork industry. We analyze how market stresses induced by different food recalls and disease outbreaks affect price margins and the extent of price transmission at the slaughter-to-wholesale and wholesale-to-retail levels. We use monthly data for the period 1986-2008. The results indicate that marketing margins are differentially affected by Food Safety and Inspection Service (FSIS) recalls and bovine spongiform encephalopathy (BSE) outbreaks at different levels of the beef and pork marketing chain, although the effects are generally quite modest. Only BSE discoveries in the United States considerably affect marketing margins in the beef industry, specifically at the wholesale-to-retail level, as well as the extent of price transmission at the bottom of the beef and pork marketing channel. We also find that food safety incidents have minor cross-industry and cross-country effects on marketing margins.
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spelling CGSpace1542842025-11-06T05:07:23Z Do marketing margins change with food scares? Examining the effects of food recalls and disease outbreaks in the us red meat industry Hernandez, Manuel A. Colin-Castillo, Sergio Capps, Oral, Jr. marketing margins food recall bovine spongiform encephalopathy red meat This paper examines the impact of food scares on marketing margins in the US beef and pork industry. We analyze how market stresses induced by different food recalls and disease outbreaks affect price margins and the extent of price transmission at the slaughter-to-wholesale and wholesale-to-retail levels. We use monthly data for the period 1986-2008. The results indicate that marketing margins are differentially affected by Food Safety and Inspection Service (FSIS) recalls and bovine spongiform encephalopathy (BSE) outbreaks at different levels of the beef and pork marketing chain, although the effects are generally quite modest. Only BSE discoveries in the United States considerably affect marketing margins in the beef industry, specifically at the wholesale-to-retail level, as well as the extent of price transmission at the bottom of the beef and pork marketing channel. We also find that food safety incidents have minor cross-industry and cross-country effects on marketing margins. 2011 2024-10-01T14:00:37Z 2024-10-01T14:00:37Z Working Paper https://hdl.handle.net/10568/154284 en https://doi.org/10.1002/agr.21340 Open Access application/pdf International Food Policy Research Institute Hernandez, Manuel A.; Colin-Castillo, Sergio; Capps, Oral, Jr. 2011. Do marketing margins change with food scares? Examining the effects of food recalls and disease outbreaks in the us red meat industry. IFPRI Discussion Paper 1104. https://hdl.handle.net/10568/154284
spellingShingle marketing margins
food recall
bovine spongiform encephalopathy
red meat
Hernandez, Manuel A.
Colin-Castillo, Sergio
Capps, Oral, Jr.
Do marketing margins change with food scares? Examining the effects of food recalls and disease outbreaks in the us red meat industry
title Do marketing margins change with food scares? Examining the effects of food recalls and disease outbreaks in the us red meat industry
title_full Do marketing margins change with food scares? Examining the effects of food recalls and disease outbreaks in the us red meat industry
title_fullStr Do marketing margins change with food scares? Examining the effects of food recalls and disease outbreaks in the us red meat industry
title_full_unstemmed Do marketing margins change with food scares? Examining the effects of food recalls and disease outbreaks in the us red meat industry
title_short Do marketing margins change with food scares? Examining the effects of food recalls and disease outbreaks in the us red meat industry
title_sort do marketing margins change with food scares examining the effects of food recalls and disease outbreaks in the us red meat industry
topic marketing margins
food recall
bovine spongiform encephalopathy
red meat
url https://hdl.handle.net/10568/154284
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