Table 3b: Selected means of variable in the cost function models of the meat and poultry
industries: Full dataset, i.e does not include the technology index.
Variable |
-----------------------------Industry----------------------- | ||
Meat Slaughter |
Meat Processing |
Poultry Slaughter | |
Sanitation and |
0.969 |
0.985 |
0.931 |
Wages |
31.74 |
35.67 |
24.18 |
Price of Capital |
0.369 |
0.367 |
0.376 |
Price of Meat Inputs ($/lb.)_______ |
0.790 |
1.141 |
0.376 |
Total Costs |
243,918 |
29,533 |
97,725 |
Total Pounds of |
379,792 |
23,370 |
198,025 |
Labor Cost Share |
0.120 |
0.209 |
0.209 |
Meat Cost Share |
0.794 |
0.639 |
0.677 |
Capital Cost Share |
0.086 |
0.152 |
0.114 |
Observations______ |
199 |
470 |
143 |
25