tetano
Editor, Senior Moderator
Poult Sci
. 2024 Jul 18;103(10):104102.
doi: 10.1016/j.psj.2024.104102. Online ahead of print. The effect of avian influenza outbreaks on retail price premiums in the United States poultry market
Omid Zamani[SUP] 1 [/SUP], Thomas Bittmann[SUP] 1 [/SUP], David L Ortega[SUP] 2 [/SUP]
Affiliations
This study analyzes the effect of avian influenza outbreaks on retail price premiums in the US poultry market. We estimate hedonic price models for eggs, chickens, and turkeys, controlling for quality characteristics, unobserved time, and regional factors. To measure the impact of avian influenza outbreaks we use 2 proxies. The first proxy is a measure of the number of new bird infections at the production level. The second proxy measures online search queries related to the outbreak. The results show that, on average, prices increase across product categories, that is, egg, broiler, and turkey markets, during avian influenza outbreaks. Furthermore, we observe price convergence and reduced dispersion within product categories, which is consistent with the economic theory of asymmetric substitutability between conventional and premium products. Our analysis finds that the HPAI outbreak caused a reduction of the price gap between conventional and premium products.
Keywords: HPAI; bird flu; outbreak; poultry market; price premium.
. 2024 Jul 18;103(10):104102.
doi: 10.1016/j.psj.2024.104102. Online ahead of print. The effect of avian influenza outbreaks on retail price premiums in the United States poultry market
Omid Zamani[SUP] 1 [/SUP], Thomas Bittmann[SUP] 1 [/SUP], David L Ortega[SUP] 2 [/SUP]
Affiliations
- PMID: 39153446
- DOI: 10.1016/j.psj.2024.104102
This study analyzes the effect of avian influenza outbreaks on retail price premiums in the US poultry market. We estimate hedonic price models for eggs, chickens, and turkeys, controlling for quality characteristics, unobserved time, and regional factors. To measure the impact of avian influenza outbreaks we use 2 proxies. The first proxy is a measure of the number of new bird infections at the production level. The second proxy measures online search queries related to the outbreak. The results show that, on average, prices increase across product categories, that is, egg, broiler, and turkey markets, during avian influenza outbreaks. Furthermore, we observe price convergence and reduced dispersion within product categories, which is consistent with the economic theory of asymmetric substitutability between conventional and premium products. Our analysis finds that the HPAI outbreak caused a reduction of the price gap between conventional and premium products.
Keywords: HPAI; bird flu; outbreak; poultry market; price premium.