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

Author

Listed:
  • Van Winkle, Tyler W.
  • Schroeder, Ted C.

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.

Suggested Citation

  • Van Winkle, Tyler W. & Schroeder, Ted C., 2008. "Spatial Price Discovery, Dynamics, and Leadership in Evolving Distiller’s Grain Markets," 2008 Annual Meeting, February 2-6, 2008, Dallas, Texas 6933, Southern Agricultural Economics Association.
    • Handle: RePEc:ags:saeaed:6933
    DOI: 10.22004/ag.econ.6933
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    References listed on IDEAS

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    Cited by:

    1. Johnson, Matthew & Yu, T. Edward & Griffith, Andrew P. & Jensen, Kimberly L. & Cho, Seong-Hoon, 2015. "Regional Dynamic Price Relationships between Distillers Dried Grains and Feed Grains," 2015 Annual Meeting, January 31-February 3, 2015, Atlanta, Georgia 196900, Southern Agricultural Economics Association.

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