Spatial Price Discovery, Dynamics, and Leadership in Evolving Distiller’s Grain Markets

Tyler W. Van Winkle and Ted C. Schroeder

No 6933, 2008 Annual Meeting, February 2-6, 2008, Dallas, Texas from Southern Agricultural Economics Association

Abstract: Recent dramatic growth in corn-based bio-refining has generated considerable growth in the by-product of this process, distiller’s grains. Distiller’s grains are rapidly becoming important livestock feed ingredient sources. However, little public market information is available on distiller’s grain. This study determines spatial and temporal price relationships among distiller’s grain markets. Results indicate spatial distiller’s grain markets operate somewhat independently suggesting potential arbitrage opportunities and indicating distiller’s grain markets are information starved. Furthermore, available futures markets are not viable price risk transfer tools for distiller’s grains.

Keywords: Crop Production/Industries; Demand and Price Analysis (search for similar items in EconPapers)
Date: 2008
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Persistent link: http://EconPapers.repec.org/RePEc:ags:saeaed:6933

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