Comparing Two Sources of Retail Meat Price Data
DIANE Publishing, 2010 - 42 pages
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 (SPD) with publicly available data collected. Of the two data types, SPD provide more info. 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 SPD sample, however, is not statistically drawn, and complicated processing requirements delay its release, which makes SPD less useful than other data for analyzing current market conditions. Illus.
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alpha analysis average price average retail price beef and pork BLS and SWS BLS data BLS prices BLS-based price BLS-based retail price BLS’s BLSt BMRP bovine spongiform encephalopathy broiler composite Cents per pound Choice beef composite coefﬁcients Comparing Two Sources consumers current month’s prices data set database dynamic-adjustment model Economic Research Service ﬁrms ﬁrst ﬁve meats forecast frozen turkeys full-adjustment values grocery stores Hahn livestock loyalty cards matrix meat cuts Meat Price Data outlets packages percent Pork composite previous month’s price adjustment Price Data ERR-88 price spreads Retail Meat Price RPDt sales-weighted average sales-weighted price Sales-Weighted Scanner Prices sample Scanner data provide scanner-based price scanner-based retail price Service using state-space Sources of Retail speciﬁc state-space model estimates store-weighted scanner prices subset SWS data SWS prices SWSt transient effects U.S. Department URMIS USDA variables volatility weight WHLt Whole chickens wholesale price WPDt zero α α