Developing a plan to market cattle, manage risk | TSLN.com

Developing a plan to market cattle, manage risk

Amanda Nolz

Photos by Amanda NolzProducers are encouraged to ride the economic storm as hidden opportunities are just around the corner for those who stick it out, according to an SDSU extension risk and business management specialist.

“It seems the consensus in the market is that demand is a huge problem; however, the markets have upside potential with risk,” said Matthew Diersen, Ph.D., in his opening statements at the Beef Cattle Risk Management Session on March 2, 2010 in Worthing, SD at Sioux Falls Regional Livestock.

Producers attending the event listened to presentations on topics including: basis risk, changes in volatility, changes in livestock insurance and traditional cash and futures markets for livestock producers. Diersen explained the importance of developing a commodity marketing plan for producers to capture high prices and minimize risk.

“It seems the consensus in the market is that demand is a huge problem; however, the markets have upside potential with risk,” said Matthew Diersen, Ph.D., in his opening statements at the Beef Cattle Risk Management Session on March 2, 2010 in Worthing, SD at Sioux Falls Regional Livestock.

Producers attending the event listened to presentations on topics including: basis risk, changes in volatility, changes in livestock insurance and traditional cash and futures markets for livestock producers. Diersen explained the importance of developing a commodity marketing plan for producers to capture high prices and minimize risk.

“It seems the consensus in the market is that demand is a huge problem; however, the markets have upside potential with risk,” said Matthew Diersen, Ph.D., in his opening statements at the Beef Cattle Risk Management Session on March 2, 2010 in Worthing, SD at Sioux Falls Regional Livestock.

Producers attending the event listened to presentations on topics including: basis risk, changes in volatility, changes in livestock insurance and traditional cash and futures markets for livestock producers. Diersen explained the importance of developing a commodity marketing plan for producers to capture high prices and minimize risk.

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