Review of Agricultural Economics · 2001 · 47 citations · 4 references
AgricultureAgricultural EconomicsQuality ManagementAgricultural MarketingLivestock ProductionSupplier Quality ManagementAgricultural Supply ChainsAgricultural Value ChainsAnimal Product QualityLivestock Product QualityLivestock Production EconomicsMeat QualityBeef EconomicsCustomer LinkagesLivestock MarketingLivestock Supply ChainsMarketing ContractsMeat Production ManagementPork EconomicsTraditional Markets
The U.S. pork and beef sectors are rapidly moving from traditional cash markets to formal vertical linkages. In 1999, 27% of hogs and 65% of cattle were traded in the cash market and packers owned 18% of hogs and 5% of cattle; the rest were procured via marketing contracts. Contrary to popular opinion that plant efficiency is the impetus for the change, packers clearly identified quality concerns as the dominant reason for using marketing contracts or self-production. Quality standards and procurement systems to achieve them will increase in importance with the introduction of more branded pork and beef products.
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Vertical Coordination in Hog Production
Marvin L. Hayenga, V. James Rhodes, Glenn Grimes et al. · RePEc: Research Papers in Economics · 1996 · 33 citations
Agriculture, Supply Chain Management, Livestock Production +4