Demand for Feed Ingredients by U.S. Formula Feed Manufacturers

Karl Meilke

Journal of Agricultural Economics Research, 1974, vol. 26, issue 3, 12

Abstract: In 1969, formula feed manufacturers utilized 23.1 percent of all the feed grains and wheat fed to livestock. Estimates of aggregate demand by the mixed feed ind.:-stry for corn, oats, barley, grain sorghum, and wheat are presented. As expected, all of the feed grains have elastic demands. Grain sorghum has the highest direct price elasticity (-5.42), followed by corn (-4.81), oats (-3.82), and barley (-2.75). The direct price elasticity of wheat is elltimated to be -0.85. The location of feed manufacturers is found to play an important role in the demand for feed ingredients.

Keywords: Agricultural and Food Policy; Demand and Price Analysis; Livestock Production/Industries (search for similar items in EconPapers)
Date: 1974
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersja:147226

DOI: 10.22004/ag.econ.147226

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