Hedonic Retail Beef and Pork Product Prices
Parcell, Joseph L.
Schroeder, Ted C.
beef, brand premium, hedonic modeling, pork, Demand and Price Analysis, Livestock Production/Industries, Q13, D12, M31, M32,
Consumer-level hedonic models are estimated to determine factors affecting retail pork and beef meat cuts. Results indicate that brand premium and discount varies across private, national, and store brands and that brand premium varies across meat cuts carrying the same brand name. Product size discounts are linear for beef and nonlinear for pork, meat items on sale are significantly discounted to non-sale items, specialty stores typically will not garner higher prices than supermarket/grocery stores, and warehouse stores typically have premium prices relative to supermarket/grocery stores.