In an effort to help pork producers buffeted by high feed costs and unpredictable hog prices, the Minnesota Pork Board is hosting “Advanced Margin Management for Pork Producers” from 9 a.m. to 3 p.m. on Feb. 26 at the Minnesota Pork Board Office Building in Mankato, MN.
To attend this free workshop, pre-registration is required by Feb. 22. Call the Minnesota Pork Board at (507) 345-8814 or e-mail colleen@mnpork.com.
Using a Web-based price management simulation, producers will review an actual market case study to reinforce feed cost and hog marketing decisions. Participants will define and share hedging alternatives and strategies for managing feed and hog revenue as a single unit of risk.
Pork producers will learn how to strengthen their marketing plan by complementing physical contracts with futures and options contracts.
This session will also address the practice of using futures spreads to manage basis risk from both the feed buyer and hog seller perspectives.
Presenter is Chip Whalen, Commodity & Ingredient Hedging, LLC, a full-service agricultural commodity price management company headquartered in the Chicago Board of Trade.