July September feed demand for corn
1976
Butell, R. | Womack, A.
Corn feeding is normally lightest in the fourth quarter of the marketing year (July September). multiple regression analysis is used in determining important variables affecting corn feed use. in July September, as in April June, current feed demand is directly linked to lagged prices of livestock, corn, and soybean meal, which reflect earlier conditions in markets for livestock and poultry. livestock output and corn prices in the current quarter also influence feed demand. the July September quarter is somewhat unique in that wheat can directly compete with corn in many areas as a livestock feed due to wheat's usual seasonal low price at harvest when corn is typically at its seasonal high. projected corn feeding in July September 1976 is substantially above the 1975 level, which indicates a continuation of the expansion in feed use that began early in 1976.
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