2022
DOI: 10.1057/s41283-021-00088-1
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Feed price risk management for sheep production in Spain: a composite future cross-hedging strategy

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“…Regarding the livestock industry, the feed cost accounts for approximately 60-80% of the total production costs, the most expensive feed ingredients being undoubtedly the protein sources (Uyeh et al, 2018). Soybean meal (SBM) is by far the most used protein source for animal nutrition purposes worldwide, consequently being subjected to a high international price volatility (Pérez-Franco et al, 2022). The increased cultivation of soybean and other oil crops has recently raised concerns due to the related negative impacts on the environment (e.g.…”
Section: Introductionmentioning
confidence: 99%
“…Regarding the livestock industry, the feed cost accounts for approximately 60-80% of the total production costs, the most expensive feed ingredients being undoubtedly the protein sources (Uyeh et al, 2018). Soybean meal (SBM) is by far the most used protein source for animal nutrition purposes worldwide, consequently being subjected to a high international price volatility (Pérez-Franco et al, 2022). The increased cultivation of soybean and other oil crops has recently raised concerns due to the related negative impacts on the environment (e.g.…”
Section: Introductionmentioning
confidence: 99%