Price Transmission in the Catfish Industry with Specific Emphasis on the Role of Processing Cooperatives

Abstract

The paper presents the implications of farmer-owned processing cooperatives for pricing in the catfish industry and tests hypotheses about the nature of price transmission in the catfish industry. The results of the linear feedback model indicate that causal relationships exist between farm and wholesale prices in the catfish industry. The direction of causality for both frozen and processed whole catfish run from farm to wholesale level.

Consumer choices for quality and sustainability labelled seafood products in the UK

“…Over the last decade, there have been a number of studies exploring the characteristics of the market for seafood products. These studies have addressed, among other aspects, price integration (Squires et al, 1989), price transmission within the industry (Nyankori, 1991), how the market reacts to uncertainty (Lent, 1984), product substitution and patterns of demand, demographic aspects of demand (Cheng and Capps, 1988), the effect of advertising on retail demand (Brooks and Anderson, 1991;Capps and Lambregts, 1991;Kinnucan and Venkateswaran, 1990) and price flexibility in response to changes in supply (Cooper and Whitmarsh, 1994;Jaffry et al, 1999). Of particular relevance is the work by Wang and Kellogg (1988) and Botsford et al (1986), who have assessed the relationship between product attributes (in these instances, size) and price, and studies which have used variations of self-explicated utility approaches (notably conjoint analysis) to characterise seafood markets, as for salmon in the USA (Anderson and Brooks, 1986;Anderson, 1988) and Japan (Anderson and Kusakabe, 1989) and striped bass in the UK (Wirth et al, 1991).…”

Media‐specific returns to generic advertising: The case of catfish

“…Although the assumption of competitive market clearing may be questioned due to industry concentration at the processor level (Kouka, 1995;Nyankori, 1991) and price bargaining at the farm level, it appears that market power is too weak for market prices to deviate significantly from competitive levels for any length of time (Kinnucan, 1995). Although the assumption of competitive market clearing may be questioned due to industry concentration at the processor level (Kouka, 1995;Nyankori, 1991) and price bargaining at the farm level, it appears that market power is too weak for market prices to deviate significantly from competitive levels for any length of time (Kinnucan, 1995).…”

Present and Future Trends in the U.S. Catfish Industry: Strategies and Concerns for Millennium Years

“…A comparison of the prices of whole, fillet, and steak shows that the prices of fillets, round weight, and steak are increasing much faster than the price at the farm level. Nyankori (1991) showed that a link price transmission to farmers is less than to processors and market intermediaries. Zidack et al (1992) showed a price transmission of -.68.…”