CAUSAL RELATIONSHIPS BETWEEN GRAIN, MEAT PRICES AND EXCHANGE RATES

Naveen Musunuru Musunuru

International Journal of Food and Agricultural Economics (IJFAEC), 2017, vol. 05, issue 4

Abstract: Understanding agricultural commodity price relationships are important as they help producers improve their awareness regarding production costs and ultimately aid in income determination. The present paper empirically examines the dynamic interrelationships among grain, meat prices and the U.S. dollar exchange rate. Johansen cointegration tests reveal no cointegrating relationships among the study variables. Majority of the commodities studied in the paper exhibited unidirectional causality except for corn and lean hogs. The vector autoregression (VAR) model results indicate that the grain and meat prices are influenced by their own past prices. The role of exchange rates is found to be limited in linking the agricultural commodities

Keywords: Agricultural and Food Policy; Agricultural Finance; Crop Production/Industries; Demand and Price Analysis; Production Economics (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:ijfaec:266439

DOI: 10.22004/ag.econ.266439

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