Influence of corn and soybean prices on broiler prices
Given the crucial role of corn and soybeans in formulating poultry feed, this research delves into the interplay of prices between broilers chickens, corn, and soybeans. The primary objective of this study is to ascertain the influence of the previous year's corn and soybean prices on the curre...
| Main Authors: | , , , , , , |
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| Format: | Article |
| Language: | English |
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National Society of Processing and Energy in Agriculture, Novi Sad
2023-01-01
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| Series: | Journal on Processing and Energy in Agriculture |
| Subjects: | |
| Online Access: | https://scindeks-clanci.ceon.rs/data/pdf/1821-4487/2023/1821-44872302073Q.pdf |
| _version_ | 1827325067670847488 |
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| author | Šarac Veljko Tekić Dragana Mutavdžić Beba Vukelić Nataša Novaković Tihomir Milić Dragan Miljatović Aleksandar |
| author_facet | Šarac Veljko Tekić Dragana Mutavdžić Beba Vukelić Nataša Novaković Tihomir Milić Dragan Miljatović Aleksandar |
| author_sort | Šarac Veljko |
| collection | DOAJ |
| description | Given the crucial role of corn and soybeans in formulating poultry feed, this research delves into the interplay of prices between broilers chickens, corn, and soybeans. The primary objective of this study is to ascertain the influence of the previous year's corn and soybean prices on the current year's broiler chicken prices, employing a multiple linear regression model. The findings of the regression model reveal that an increase in the prices of corn and soybeans has a positive correlation with broilers prices. In simpler terms, as the prices of these two essential feed components rose in the previous year, a corresponding increase in broiler prices is anticipated in the current year. It's worth highlighting that the statistical analysis identifies only the influence of corn as statistically significant, while the impact of soybeans is deemed statistically non-significant. An increase in the price of corn in the previous year by 1 dinar will cause an increase in the price of broilers by 3,766 dinars/kilogram in the current year. |
| first_indexed | 2024-03-07T14:13:01Z |
| format | Article |
| id | doaj.art-c134cd950b4f4d2eabf87ce40a26e0ed |
| institution | Directory Open Access Journal |
| issn | 1821-4487 2956-0195 |
| language | English |
| last_indexed | 2024-03-07T14:13:01Z |
| publishDate | 2023-01-01 |
| publisher | National Society of Processing and Energy in Agriculture, Novi Sad |
| record_format | Article |
| series | Journal on Processing and Energy in Agriculture |
| spelling | doaj.art-c134cd950b4f4d2eabf87ce40a26e0ed2024-03-06T14:14:18ZengNational Society of Processing and Energy in Agriculture, Novi SadJournal on Processing and Energy in Agriculture1821-44872956-01952023-01-01272737510.5937/jpea26-475521821-44872302073QInfluence of corn and soybean prices on broiler pricesŠarac Veljko0Tekić Dragana1https://orcid.org/0000-0002-1924-6196Mutavdžić Beba2https://orcid.org/0000-0002-7631-0465Vukelić Nataša3https://orcid.org/0000-0001-7516-9204Novaković Tihomir4https://orcid.org/0000-0002-8405-3403Milić Dragan5https://orcid.org/0000-0003-0377-1540Miljatović Aleksandar6https://orcid.org/0000-0002-3978-5832University of Novi Sad, Faculty of Agriculture, Novi Sad, SerbiaUniversity of Novi Sad, Faculty of Agriculture, Novi Sad, SerbiaUniversity of Novi Sad, Faculty of Agriculture, Novi Sad, SerbiaUniversity of Novi Sad, Faculty of Agriculture, Novi Sad, SerbiaUniversity of Novi Sad, Faculty of Agriculture, Novi Sad, SerbiaUniversity of Novi Sad, Faculty of Agriculture, Novi Sad, SerbiaUniversity of Novi Sad, Faculty of Agriculture, Novi Sad, SerbiaGiven the crucial role of corn and soybeans in formulating poultry feed, this research delves into the interplay of prices between broilers chickens, corn, and soybeans. The primary objective of this study is to ascertain the influence of the previous year's corn and soybean prices on the current year's broiler chicken prices, employing a multiple linear regression model. The findings of the regression model reveal that an increase in the prices of corn and soybeans has a positive correlation with broilers prices. In simpler terms, as the prices of these two essential feed components rose in the previous year, a corresponding increase in broiler prices is anticipated in the current year. It's worth highlighting that the statistical analysis identifies only the influence of corn as statistically significant, while the impact of soybeans is deemed statistically non-significant. An increase in the price of corn in the previous year by 1 dinar will cause an increase in the price of broilers by 3,766 dinars/kilogram in the current year.https://scindeks-clanci.ceon.rs/data/pdf/1821-4487/2023/1821-44872302073Q.pdfpricecornsoybeanbroilersregression analysis |
| spellingShingle | Šarac Veljko Tekić Dragana Mutavdžić Beba Vukelić Nataša Novaković Tihomir Milić Dragan Miljatović Aleksandar Influence of corn and soybean prices on broiler prices Journal on Processing and Energy in Agriculture price corn soybean broilers regression analysis |
| title | Influence of corn and soybean prices on broiler prices |
| title_full | Influence of corn and soybean prices on broiler prices |
| title_fullStr | Influence of corn and soybean prices on broiler prices |
| title_full_unstemmed | Influence of corn and soybean prices on broiler prices |
| title_short | Influence of corn and soybean prices on broiler prices |
| title_sort | influence of corn and soybean prices on broiler prices |
| topic | price corn soybean broilers regression analysis |
| url | https://scindeks-clanci.ceon.rs/data/pdf/1821-4487/2023/1821-44872302073Q.pdf |
| work_keys_str_mv | AT saracveljko influenceofcornandsoybeanpricesonbroilerprices AT tekicdragana influenceofcornandsoybeanpricesonbroilerprices AT mutavdzicbeba influenceofcornandsoybeanpricesonbroilerprices AT vukelicnatasa influenceofcornandsoybeanpricesonbroilerprices AT novakovictihomir influenceofcornandsoybeanpricesonbroilerprices AT milicdragan influenceofcornandsoybeanpricesonbroilerprices AT miljatovicaleksandar influenceofcornandsoybeanpricesonbroilerprices |