Comparing Two Sources of Retail Meat Price Data

42 Pages Posted: 6 Dec 2009

See all articles by William Hahn

William Hahn

U.S. Department of Agriculture (USDA) - Economic Research Service (ERS)

Janet Perry

U.S. Department of Agriculture (USDA) - Economic Research Service (ERS)

Leland W. Southard

U.S. Department of Agriculture (USDA) - Economic Research Service (ERS)

Date Written: November 1, 2009

Abstract

The livestock industry uses information on meat prices at different stages in the marketing system to make production decisions. When grocery stores began using electronic scanners to capture prices paid for meat, it was assumed that the livestock industry could capitalize on having these point-of-sale data available as a measure of the value of its products. This report compares scanner price data with publicly available data collected by the U.S. Department of Labor’s Bureau of Labor Statistics (BLS). Of the two data types, scanner data provide more information about retail meat markets, including a wider variety of meat-cut prices, multiple measures of an average price, the volume of sales, and the relative importance of discounted prices. The scanner data sample, however, is not statistically drawn, and complicated processing requirements delay its release, which makes scanner data less useful than BLS data for analyzing current market conditions.

Keywords: price spreads, meat, meat pricing, scanner data, retail prices, retail meat prices, farm-to-retail

Suggested Citation

Hahn, William and Perry, Janet and Southard, Leland W., Comparing Two Sources of Retail Meat Price Data (November 1, 2009). Economic Research Report No. 88, Available at SSRN: https://ssrn.com/abstract=1510172 or http://dx.doi.org/10.2139/ssrn.1510172

William Hahn (Contact Author)

U.S. Department of Agriculture (USDA) - Economic Research Service (ERS) ( email )

355 E Street, SW
Washington, DC 20024-3221
United States
(202) 694-5175 (Phone)

Janet Perry

U.S. Department of Agriculture (USDA) - Economic Research Service (ERS) ( email )

355 E Street, SW
Washington, DC 20024-3221
United States
202-694-5152 (Phone)

Leland W. Southard

U.S. Department of Agriculture (USDA) - Economic Research Service (ERS) ( email )

355 E Street, SW
Washington, DC 20024-3221
United States

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