Inventory and hedging policies of commercial mixed-feed manufacturers in the United States
By: by H.S. Irwin and Eileen M. McDonald
Series: Agriculture information bulletin -- no. 24
Publisher: U.S. Dept. of Agriculture, Production and Marketing Administration and Bureau of Agricultural Economics
Published: 1950
Place of publication: Washington, D.C
Language: eng
Number of pages: 45
Subjects: Feed industry; Inventories; Hedging (Finance)
Description: This report presents the results of a study undertaken to determine the extent of price risk in the commercial mixed-feed industry, the effect of risk-taking on the costs of feed manufacture, and the methods, particularly hedging, which are used by manufacturers to reduce their risks from price declines.
Notes: Cover title.

"In cooperation with agricultural experiment stations of Illinois, Oregon, Pennsylvania, Tennessee, and Texas.
Table of contents: title: Summary. pp. ii; title: Introduction; title: Description of the sample and limitations of data. pp. 1; title: Some characteristics of the mixed-feed industry. pp. 6; title: Seasonal production of many ingredients complicates inventory problems. pp. 10; title: Ingredient inventory needs affected by mixed-feed production. pp. 12; title: Ingredient inventory practices showed wide variations. pp. 14; title: Methods employed for protection against losses through price declines. pp. 21; title: Atttitudes of feed manufacturers toward hedging. pp. 25; title: Some hedging problems of the mixed-feed industry. pp. 27; title: Appendix: Some problems revealed by the study. pp. 32; title: Appendix: Feed manufacturers buying grain from a distance less likely to build up stocks of grain. pp. 33; title: Appendix: Tables. pp. 35.