Beef Margin Management Seminar
This seminar is intended for feedlot owners & managers. The focus will be on our margin based approach to identifying opportunities and protecting profits. Participants will be introduced to the mechanics of futures and options and advanced strategies to manage forward profits. We include continental breakfast and lunch both days and you will be our guest for a cocktail reception the first day.
CPE Credits: 12
10/17/2012: 1 P.M. – 5 P.M.
Fundamentals of Beef Margin Management
An introduction to modeling forward profitability, basis risk and price risk.
(1 CPE Credit)
Comparing available contracting choices in the cash and futures markets.
(2 CPE Credits)
Networking Cocktail Reception
Immediately following the afternoon session.
10/18/2012: 8 A.M – 4 P.M.
Managing Basis Risk
Using futures spreads to mitigate the risk of strengthening basis values on feed purchases and weakening basis values on beef sales. (2 CPE Credits)
What they are and how they work, including terminology, contract specifications, components of premium, expiration and exercise/assignment to futures versus offset. (2 CPE Credits)
Core Options/Futures Strategies
How to use futures and options positions to establish a protection against the risk of higher costs and lower sale prices. (2 CPE Credits)
Core Strategy Adjustments
Factors — costs and benefits — to consider when weighing strategic position adjustments as prices fluctuate over time. (1 CPE Credit)
Applying Concepts Learned
An interactive price management simulation to reinforce and test new skills. Participants will make several price management decisions over a marketing period and evaluate the resulting effect on net margins. (2 CPE Credits)
Registration fee includes breakfast, lunch, the evening cocktail reception and all seminar materials. Click to register by email. For more information, please call 1.866.299.9333.
NASBA Continuing Education Credits
Commodity & Ingredient Hedging, LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org
Participants will be introduced to the mechanics of the futures and options markets and the terminology related to the futures industry. Participants will also learn how to utilize risk management strategies to manage commodity price risk.