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Demand For Feed Grains And Concentrates By Livestock Category

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  • Richardson, James W.
  • Ray, Daryll E.

Abstract

Livestock feed demand is a collection of derived feed demands by various livestock categories. A structural understanding of demand for feed grains and total concentrates requires knowledge of separate feed demand relationships for each major livestock category. While a number of aggregate livestock feed demand relationships have been estimated, little is known about the structure of feed demand by livestock type. In this study unique livestock feed demand relationships for feed grains and total concentrates are estimated for each of seven major livestock categories. The estimated relationships show substantial differences in elasticities of concentrate and feed grain feed demand with respect to livestock price across livestock groups. Using feed demand parameters by livestock category enables analysts to evaluate policy effects of changes in feed demand quantities and feed costs within the livestock economy, as well as to provide more reliable estimates of the total change in feed demand.

Suggested Citation

  • Richardson, James W. & Ray, Daryll E., 1978. "Demand For Feed Grains And Concentrates By Livestock Category," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 3(1), pages 1-8, July.
    • Handle: RePEc:ags:wjagec:32407
    DOI: 10.22004/ag.econ.32407
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    References listed on IDEAS

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    1. Ahalt, J. Dawson & Egbert, Alvin C., 1965. "The Demand for Feed Concentrates: A Statistical. Analysis," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 17(2), pages 1-12, April.
    2. Raymond M. Leuthold, 1975. "On the Use of Theil's Inequality Coefficients," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 57(2), pages 344-346.
    3. Meinken, Kenneth W., 1953. "The Demand and Price Structure for Oats, Barley, and Sorghum Grains," Technical Bulletins 156645, United States Department of Agriculture, Economic Research Service.
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    Cited by:

    1. Koo, Won W. & Park, Chang J., 1988. "Econometric Analysis of Livestock Products Demand in Korea and Its Implications in the Korean Feed Grain Industry," Agricultural Economics Reports 23471, North Dakota State University, Department of Agribusiness and Applied Economics.
    2. Randolph, Thomas F. & Lee, David R., 1986. "Transportation Deregulation And Interregional Competition In The Northeastern Feed Economy," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 15(2), pages 1-15, October.

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    Keywords

    Livestock Production/Industries;

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