Topics Covered

Introduction to the Futures Market and Profit Margin Management
Identifying forward profit margins using the futures market as a price discovery tool with a review of the futures market and industry.

Introduction to Options
Types of options, definitions, contract specifications, terminology, and expiration versus offset versus exercise/assignment.

Core Strategies
Review of basic futures and options positions typically used by crop and livestock producers to manage the risk of both higher and lower prices, as well as a discussion of the concept of delta.

Best Practices of Effective Position Management
Overview of margin management approach and initiating positions complementary to historical margin percentiles, as well as a discussion of position management and making tactical adjustments to strategies over time.

Applying Concepts Learned
Interactive exercises, including a price management simulation, reinforce and test new skills. Participants will make several price management decisions over a marketing period and evaluate the resulting effect on net margins.

Registration Details

Date and Time

TBD

Registration fee is per operation. It includes breakfasts, lunches, and a dinner on Day 1. For more information or enroll by phone, please call 312.596.7755.

Location

TBD

NASBA Continuing Education Credits

CPE Credits: 12

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. Website: www.nasba.org.

Learning Objective

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.

Prerequisites

None

Delivery Method

Live

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Hog Margin Management Seminar – TBD

The hog margin management seminar is designed to help hog producers maximize their profit margins by effectively utilizing the full range of available contracting methods.

Topics Covered

Introduction to the Futures Market and Profit Margin Management
Identifying forward profit margins using the futures market as a price discovery tool with a review of the futures market and industry.
Introduction to Options
Types of options, definitions, contract specifications, terminology, and expiration versus offset versus exercise/assignment.
Core Strategies
Review of basic futures and options positions typically used by crop and livestock producers to manage the risk of both higher and lower prices, as well as a discussion of the concept of delta.
Best Practices of Effective Position Management
Overview of margin management approach and initiating positions complementary to historical margin percentiles, as well as a discussion of position management and making tactical adjustments to strategies over time.
Applying Concepts Learned
Interactive exercises, including a price management simulation, reinforce and test new skills. Participants will make several price management decisions over a marketing period and evaluate the resulting effect on net margins.

Registration Details

Date and Time

TBD

Registration fee is per operation. It includes breakfasts, lunches, and a dinner on Day 1. For more information or enroll by phone, please call 312.596.7755.