Darrel Good Report: Credit Crisis and Possible Economic Slowdown Could Move Major Grain Markets to Much Lower Price Levels

GrainNet.com
Date Posted: October 6, 2008

Urbana—There is substantial concern about the implications of the current meltdown in U.S. credit markets on the potential for economic growth in the United States and the rest of the world, said a University of Illinois Extension marketing specialist.

"That concern is reinforced by the sharp decline in stock prices and underlying economic indicators such as unemployment rates and housing starts," said Darrel Good.

"Prospects of an economic slowdown threaten the robust domestic and export demand for U.S. agricultural commodities enjoyed over the past two years.

"A widespread economic slowdown could result in weaker demand for meat and for livestock feed.

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