Hog Margin Management Seminar January 10-11, 2019 CIH Training Center – Chicago, IL

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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.

Day 1 9:00

Welcome and Introductions
Coffee and continental breakfast

9:15

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.

12:00 Lunch

12:45 Introduction to Options: Types of options, definitions, contract specifications, terminology, and expiration versus offset versus exercise/assignment

2:00 Group Exercise: Using futures and a basic option strategy, teams will attempt to manage a historical forward profit margin by initiating coverage and managing those positions.

3:15 Break

3:30 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 on delta.

5:00 Adjourn, CIH networking reception

Day 2 8:00

Review of previous day’s material with Q&A session Coffee and continental breakfast

8:15 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.

9:45 Break

10:00 Margin Management Simulation: Integrated online simulation incorporating both futures and options strategies to manage the risk of a hog producer’s profit margin through a historical market.

1:00 Closing Remarks

To register for the seminar, please call 312.596.7755.

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