Dynamic price relationships for US and EC corn gluten feed and related markets
研究美国与欧共体玉米麸饲料及相关市场的价格动态关系，发现玉米麸饲料更像蛋白质补充剂而非能量替代品，对评估进口限制政策有参考价值。
The dynamic relationship of U.S. and E.C. prices of corn gluten feed and related markets are investigated using time series models. Results show that prices for Rotterdam corn gluten feed and soyabean meal markets are instantaneously related, and that these commodities behave as strong substitutes but behave as weak substitutes for West German barley. Thus, the results indicate that corn gluten feed acts more like a protein supplement than a feed grain or energy substitute. Thus, proposed EC import restrictions on corn gluten feed are more likely to result in increased imports of soyabean meal or other protein supplement than increased use of EC feed grain.