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Implications of Growing Biofuels Demands on Northeast Livestock Feed Costs: Understanding the Technical Relationships between Ingredient Prices and Feed Costs AgEcon
Schmit, Todd M.; Verteramo, Leslie J.; Tomek, William G..
Tipo: Working Paper Palavras-chave: Livestock Production/Industries; Resource /Energy Economics and Policy.
Ano: 2008 URL: http://purl.umn.edu/121805
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Implications of Growing Biofuels Demands on Northeast Livestock Feed Costs AgEcon
Schmit, Todd M.; Verteramo, Leslie J.; Tomek, William G..
The relationship between complete-feed prices and commodity feedstock prices are estimated to analyze the effect of higher commodity prices on feed costs, with particular attention towards the price effects and substitutability of corn distillers dried grains with solubles (DDGS). Assuming the historical positive correlation between corn and DDGS prices, each $1/ton increase in the price of corn increases per ton feed costs between $0.45 and $0.67 across livestock sectors. A negative price correlation would offset some of the cost increases, but under most scenarios feed costs are expected to be at or above those experienced in 2007.
Tipo: Conference Paper or Presentation Palavras-chave: Agricultural Finance.
Ano: 2008 URL: http://purl.umn.edu/37595
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Managing Producer Price Risk in Mexico with Quantos and Dual Risk Commodity-Foreign Exchange Hedges AgEcon
Verteramo, Leslie J.; Turvey, Calum G..
Replaced with revised version of paper 07/21/10.
Tipo: Conference Paper or Presentation Palavras-chave: Marketing; Risk and Uncertainty.
Ano: 2010 URL: http://purl.umn.edu/62062
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Implications of Growing Biofuel Demands on Northeast Livestock Feed Costs AgEcon
Schmit, Todd M.; Verteramo, Leslie J.; Tomek, William G..
The relationship between complete-feed prices and ingredient prices is estimated in order to analyze the effect of higher commodity prices on feed costs, with particular attention paid to the substitutability of corn distillers dried grains with solubles (DDGS). Using the historical price correlation between corn and DDGS, each $1 per ton increase in the price of corn increases feed costs between $0.45 and $0.59 per ton across livestock sectors. Marginal feed costs based on lower forecasted price correlations are reduced between $0.05 to $0.12 per ton across livestock sectors, but only for the dairy ration is the reduction statistically significant. Overall, DDGS cost savings are relatively limited and insufficient to offset the impact of other...
Tipo: Journal Article Palavras-chave: Biofuels; Commodity prices; Distillers dried grains with solubles; Livestock feed costs; Agribusiness; Farm Management; Livestock Production/Industries; Production Economics.
Ano: 2009 URL: http://purl.umn.edu/55540
Registros recuperados: 4
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