Supply Dynamics in the U.S. Hog Industry

Matthew T. Holt, Stanley R. Johnson
July 1986  [86-WP 12]

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Holt, M.T. and S.R. Johnson. 1986. "Supply Dynamics in the U.S. Hog Industry." Working paper 86-WP 12. Center for Agricultural and Rural Development, Iowa State University.


A quarterly econometric model of supply response I the U.S. Hog industry is constructed. This model incorporates relevant biological features of hog production directly into the structural specification. dynamic mean path elasticities of the model are analytically derived with the results indicating behavior which is consistent with economic intuition.