Darrel Good Quotes

There appeared to be no trend in the size or direction of forecast errors over the study period.

- Darrel Good

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Appeared | Trend | Size | Direction | Forecast |

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Based on the relationship between the stocks-to-use ratio and price since 1998-99, a price of $2.51 implies a 2006-07 year-ending stocks-to-use ratio of 8.8 percent. In comparison, the current projection of the stocks-to-use ratio for the 2005-06 marketing year is 22.4 percent. - Darrel Good

That level of use is historically consistent and provides evidence that the size of the 2005 harvest has been accurately estimated. - Darrel Good

However, if bird flu results in a permanent reduction in world poultry production, an increase in red meat production might eventually be required, resulting in increased feed consumption in the long term. Domestic demand prospects also remain strong due to increasing livestock production and expanding ethanol production. These developments should support increased corn consumption well beyond the 2005-06 marketing year. - Darrel Good