The variability of turkey livestock price and its relation with the price of chickens, pork and beef in 2006-2015
The variability of turkey livestock price and its relation with the price of chickens, pork and beef in 2006-2015
Author(s): Katarzyna Utnik-BanaśSubject(s): Supranational / Global Economy, Agriculture, Socio-Economic Research
Published by: Szkoła Główna Gospodarstwa Wiejskiego w Warszawie
Keywords: turkeys; price; variability; time series; seasonality; cyclic fluctuations;
Summary/Abstract: The work determines the range of variability in the price of turkey livestock and its relation to prices of chickens, pork and beef in 2006-2015.In 2006-2011, the variability coefficient for turkey livestock was 5 to 10%,whereas in 2012-2015 it dropped below 5%. The prices were most stable out of prices of chickens, pork or beef. The biggest influence on the variability of the turkey livestock price was the long-term trend and cyclic fluctuations(82% of the total variability on average). Seasonal fluctuations had lower amplitude (between 7 and 4%) than in the case of prices of pork and chickens, and their input in the total variability amounted to 14% on average.The price of turkey livestock presented the strongest correlation with the price of beef (r=0,851) and chickens (0,837), and was the least correlated with pork (0,681). In 2006-2015 the price of turkey livestock increased by 68%, beef by 57%, chickens by 29% and pork by 13%.
Journal: Metody Ilościowe w Badaniach Ekonomicznych
- Issue Year: XVIII/2017
- Issue No: 1
- Page Range: 134-142
- Page Count: 9
- Language: English