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
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.
12:45 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.
3:30 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.
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.
- Hog Margin Management Seminar
- Jan 10 – 11