Demand for Feed Ingredients by U.S. Formula Feed Manufacturers

In 1969, formula feed manufacturers utilized 23.1 percent of all the feed grains and wheat fed to livestock. Estimates of aggregate demand by the mixed feed ind.:-stry for corn, oats, barley, grain sorghum, and wheat are presented. As expected, all of the feed grains have elastic demands. Grain sorghum has the highest direct price elasticity (-5.42), followed by corn (-4.81), oats (-3.82), and barley (-2.75). The direct price elasticity of wheat is elltimated to be -0.85. The location of feed manufacturers is found to play an important role in the demand for feed ingredients.


Issue Date:
1974-07
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/147226
Published in:
Agricultural Economics Research, Volume 26, Number 3
Page range:
78-89
Total Pages:
12




 Record created 2017-04-01, last modified 2017-08-27

Fulltext:
Download fulltext
PDF

Rate this document:

Rate this document:
1
2
3
 
(Not yet reviewed)