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Abstract

The demand for U.S. feed grain is estimated using a six-equation simultaneous model. Four different utilizations of feed grain and feed grain price as well as the number of animal units fed are estimated. The reduced form of the model is used to provide forecasts of the endogenous variables for the 1973 and 1974 crop years. The structural equations are estimated using two-stage least squares and annual data from 1945 to 1972.

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