The Value of Protein in Feed Barley
نویسندگان
چکیده
The impact of the protein content of feed barley on the costs of feeding beef, dairy cattle, and swine in Montana is evaluated. A model of least-cost feed rations is constructed to analyze the marginal value of additional protein content in feed barley. The results indicate that increasing the protein content of feed barley above 12% will not substantially increase the value of barley to feeders. This implies that the establishment and maintenance of a protein premium in the feed barley market would tend to result in lower average prices for feed barley because the feed value/protein relationship is concave and the market would be sustaining costs that the inherent value of the commodity could not support.
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