Impacts of the GATT/Uruguay Round trade negotiations on U.S. beef and cattle prices

The GATT/Uruguay Round trade negotiations have resulted in a multilateral relaxation of beef trade restrictions. A linear elasticity model of the U.S. beef industry is developed using log differential equations. Beef consumption, production, and trade are disaggregated into appropriate ground and ta...

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Bibliographic Details
Published in:Journal of agricultural and resource economics 1997-07, Vol.22 (1), p.145-156
Main Authors: Brester, G.W. (Kansas State University.), Wohlgenant, M.K
Format: Article
Language:English
Subjects:
ACCORD COMMERCIAL
ACUERDOS COMERCIALES
ANALISIS ECONOMICO
ANALYSE ECONOMIQUE
BEEF
BEEF CATTLE
beef prices
BOVIN DE BOUCHERIE
CARNE DE RES
cattle prices
COMERCIO INTERNACIONAL
COMMERCE INTERNATIONAL
CONSOMMATION
CONSUMO
CONSUMPTION
DEMAND
DEMANDA
DEMANDE
ECONOMETRIA
ECONOMETRICS
ECONOMETRIE
ECONOMIA
ECONOMIC ANALYSIS
ECONOMICS
ECONOMIE
ELASTICITIES
Elasticity of demand
EQUATIONS
ETATS UNIS
EUA
Feeder cattle
GANADO DE CARNE
GATT
GROUND BEEF
Imports
INDUSTRIA DE LA CARNE
INDUSTRIE DE LA VIANDE
INTERNATIONAL TRADE
International trade negotiations
linear elasticity model
LINEAR MODELS
log differential equations
market equilibrium analysis
MATEMATICAS
MATHEMATICS
MATHEMATIQUE
MEAT AND LIVESTOCK INDUSTRY
MEAT CUTS
MEAT INDUSTRY
MEAT PRODUCTION
Meats
MODELE LINEAIRE
MODELOS LINEALES
OFERTA Y DEMANDA
OFFRE ET DEMANDE
PIECE DE VIANDE
PIEZAS DE CARNE
PRECIOS
Price elasticity
Price elasticity of supply
PRICES
PRIX
PRODUCCION DE CARNE
PRODUCTION DE VIANDE
REGLAMENTACIONES
REGLEMENTATION
REGULATIONS
Supply
SUPPLY BALANCE
SUPPLY RESPONSE
TRADE AGREEMENTS
uruguay round
USA
VIANDE BOVINE
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Summary:The GATT/Uruguay Round trade negotiations have resulted in a multilateral relaxation of beef trade restrictions. A linear elasticity model of the U.S. beef industry is developed using log differential equations. Beef consumption, production, and trade are disaggregated into appropriate ground and table cut components. The model predicts the GATT/Uruguay Round will cause asymmetric effects on ground and table cut beef consumers. In general, fed cattle and cow/calf producers will benefit from trade liberalization because of increases in fed and feeder cattle prices. However, nonfed cattle price will decrease.
ISSN:1068-5502
2327-8285
DOI:10.22004/ag.econ.31006