Factors affecting quarterly domestic feed demand for corn
1984
Hull, D.B. | Westcott, P.C.
Extract: A quarterly econometric model of the factors and relationships affecting domestic feed use of corn is developed. As expected, prices of corn, soybean meal, and livestock are important determinants of corn feed demand. The measured effect of soybean meal price on corn feed demand in the quarterly framework indicates that corn and soybean meal are complements in animal feeding, not substitutes as many annual studies have implied. Delays in livestock production adjustments and the number of animals in key livestock categories are also important in determining corn feed demand.
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