AVERAGE SEASONAL PRICE INDICES, PRICE TRENDS AND FORECASTS FOR LJYESTOCK FEEDS IN OGUN STATE, NIGERIA

Abstract

The paper examined the seasonal price patterns of livestock feeds in Ogun State, using 19941998 average monthly price indices. Livestock feed prices were found to be strong (above annual average price) from July to December, while they were weak (below annual average price) from January through June. Prices over the years showed an increasing trend. Monthly price forecasts were made for 1999 from May through December using 1999 average monthly price from January to April bench mark for current price level for forecasting 1999 annual average price which was required in forecasting monthly price for the rest of the year 1999.