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A Comparative Assessment of the Broiler:Corn Ratio and Its Impact on Broiler Processors' Profitability

Author

Listed:
  • Hamm, Sandra J.
  • Goodwin, Harold L., Jr.
  • McKenzie, Andrew M.

Abstract

Input prices for broiler production, particularly corn, are becoming increasingly volatile due to increasing competition for corn from ethanol and biofuels production suggesting volatility in poultry profits will follow indicator of profits relating feed input prices and broiler meat output prices, such as a Broiler:corn ratios. Total chicken exports, total chicken ready-to-cook production, number of eggs set, number of chicks placed, and cold storage chicken inventory are used to estimate. Utilizing a distributed lag model, seventeen years of data for three Broiler:corn ratios, broiler exports, egg set, chick placements, cold storage stocks, and ready-to-cook broiler production were utilized to estimate stock share price for four major broiler producers.

Suggested Citation

  • Hamm, Sandra J. & Goodwin, Harold L., Jr. & McKenzie, Andrew M., 2008. "A Comparative Assessment of the Broiler:Corn Ratio and Its Impact on Broiler Processors' Profitability," 2008 Annual Meeting, February 2-6, 2008, Dallas, Texas 6665, Southern Agricultural Economics Association.
    • Handle: RePEc:ags:saeaed:6665
    DOI: 10.22004/ag.econ.6665
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    References listed on IDEAS

    as
    1. Baker, Allen & Zahniser, Steven, 2007. "Ethanol Reshapes the Corn Market," Amber Waves:The Economics of Food, Farming, Natural Resources, and Rural America, United States Department of Agriculture, Economic Research Service, pages 1-6, May.
    2. repec:ags:joaaec:v:35:y:2003:i:3:p:483-495 is not listed on IDEAS
    3. Goodwin, H.L. & McKenzie, Andrew M. & Djunaidi, Harjanto, 2003. "Which Broiler Part is the Best Part?," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 35(3), pages 483-495, December.
    4. Matthew T. Holt & Lee A. Craig, 2006. "Nonlinear Dynamics and Structural Change in the U.S. Hog—Corn Cycle: A Time-Varying STAR Approach," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 88(1), pages 215-233.
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    Keywords

    Demand and Price Analysis; Livestock Production/Industries;

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