@article{Murguia:285319,
      recid = {285319},
      author = {Murguia, Juan M. and Lawrence, John D.},
      title = {Comparing Different Models to Cross Hedge Distillers  Grains in Iowa: Is It Necessary to Include Energy  Derivatives?},
      address = {2010-04},
      series = {NCCC-134 Applied Commodity Price Analysis, Forecasting,  and Market Risk Management},
      year = {2010},
      abstract = {The actual and expected increase of corn based ethanol  production in the Midwest has increased the availability of  Distillers Grains that are used in the feeding and egg  industry as source of protein and energy. Since no future  market has existed for this product, no previous studies  have found significant results for Iowa and no geographical  market integration has been found, the use of corn, soybean  meal (SBM) and energy futures contracts is analyzed to  hedge Distillers Grains prices in Iowa. Alternative models  are estimated and evaluated. Results indicate that there  are potential opportunities for cross hedging DDG  (Distillers Dried Grain) in Iowa using corn, SBM and energy  futures that effectively decrease price risk up to 86% for  a 13 week hedge.},
      url = {http://ageconsearch.umn.edu/record/285319},
      doi = {https://doi.org/10.22004/ag.econ.285319},
}