Table 6 Estimation of short-run relationship for price transmission of soymeal to pig feed

\(Adjustment coeft\)

− 0.226***

(0.040)

− 0.233***

(0.047)

− 0.316***

(0.044)

− 0.370**

(0.041)*

\(\Delta {y}_{t-1}\)

0.219***

(0.083)

0.225**

(0.086)

0.099

(0.068)

0.141**

(0.071)

\(\Delta {\mathit{ln}SoyNonGM}_{t-1}^{+}\)

0.056

(0.087)

0.082

(0.089)

0.023

(0.020)

0.046

(0.030)

\(\Delta {\mathit{ln}SoyNonGM}_{t-1}^{-}\)

0.208**

(0.105)

0.220**

(0.107)

0.100***

(0.030)

0.140**

(0.041)*

\(\Delta ln{Wheat}_{t-1}\)

− 0.063

(0.045)

− 0.053

(0.044)

0.022

(0.023)

0.029

(0.023)

\(\Delta ln{Barl}_{t-1}\)

0.149***

(0.042)

0.146***

(0.042)

0.022

(0.030)

0.037

(0.032)

\(\Delta ln{Barl}_{t-2}\)

–

–

0.031

(0.031)

–

\(\Delta ln{Maiz}_{t-1}\)

–

–

0.099**

(0.045)

0.067***

(0.023)

\(\Delta S{D}_{1}\)

− 0.015*

(0.008)

-0.015*

(0.008)

− 0.014*

(0.008)

− 0.008

(0.007)

\(\Delta {SD}_{2}\)

− 0.005

(0.008)

− 0.007

(0.008)

0.028***

(0.009)

0.029***

(0.007)

\(\Delta {DU}_{B}\)

0.038**

(0.015)

0.045***

(0.016)

0.017

(0.011)

0.016

(0.012)

\(\Delta {DT}_{B}\)

0.001**

(0.000)

0.002**

(0.001)

0.002***

(0.000)

0.002***

(0.001)

\(\Delta {\mathit{ln}SoyGM}_{t-1}\)

–

− 0.112

(0.086

–

− 0.107*

(0.078)