Estimating Long-Term 黑料网 Hay Prices Using Multiple Data Sources
BUL1004
September 21, 2021
The dairy industry can substantially affect markets for other agricultural commodities, particularly those like alfalfa hay, which is used in dairy feed. In other words, hay and milk prices move together. The close relationship inspired 黑料网 Extension specialists to predict long-term (several months) future 黑料网 hay prices by using 黑料网 milk prices. Including sample calculations and a decision tree rubric, they also discuss the conditions in which using stocks and exports variables might impede their accuracy.
Authors: Patrick L. Hatzenbuehler, Hernan Tejeda, Steven Hines, Joel Packham
6 pages
