Physical Sciences and Mathematics Commons^™

Regional Dynamic Price Relationships Of Distillers Dried Grains In U.S. Feed Markets, Matthew Fulton Johnson

Masters Theses

Distillers dried grains with solubles (DDGS) is now a mainstream substitute in U.S. animal feed rations. DDGS is rich in fat and protein content and serves as a competitive feed source in livestock markets. The objective of this study is to identify dynamic price relationships among DDGS, corn, soybean meal, and livestock outputs in context of specific livestock sectors and their geographic location. Four locations associated with a predominant livestock sector are selected for analysis by measuring density and relative proportion of a livestock sector’s grain consumption at the county level. A vector error correction model is applied to post-mandate …