Do you want to guard against low prices and capture high prices? Through our Commodity Marketing programming you will learn about:
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Fundamental Analysis Become acquainted with information sources that can be used in the fundamental price analysis of crop and livestock markets Marketing Tools & Strategies Utilize marketing tools, contracts, & basis patterns in the decision-making process Marketing Plans Employ marketing tools & strategies within a written marketing plan to cover break-even costs, meet price objectives, and/or leave appropriate profit window open |
Fundamental Analysis: Participants will gain familiarity of fundamental price analysis for principal crop and livestock markets in their area. The annual Commodity Outlook publication and the USDA links are additional resources for price data.
Related Resources:
Corn Market Review
Soybean Market Review
Wheat Market Review
Cattle Market Review
Dairy Market Review
Commodity Price Outlook 2006 (.pdf) Feb 06
South Dakota Agricultural Statistics Service
USDA Agricultural Marketing Service
Marketing Tools & Strategies: Participants will learn about available marketing tools (cash sales, cash forward contracts, futures contracts and options contracts). Contract specifications, basis patterns, and marketing plans are covered to assist producers in making informed marketing decisions. Participants will be challenged to evaluate how identified marketing tools perform with respect to seasonal changes in farm and/or ranch operations of different scopes and scales. Participants will also learn how marketing tools can be incorporated into marketing strategies such as hedging with futures, using put options, using synthetic strategies, and building fence strategies.
Related Resources:
Winning the Game (.htm)
Storage Calculator (.xls) Aug 04
Storage Calculator Guide (.pdf) Aug 04
Marketing Strategies (.pdf) Jun 05
Blank Strategy Sheets (.pdf) Jun 05
Livestock Risk Protection: Insuring Calves (pdf) Aug 07
Assessing Livestock Gross Margin for Cattle (.pdf) Jul 06
Livestock Risk Protection (.pdf) Dec 04
How to Capture High Calf Prices (.pdf) Jul 07
CBOT - A Hedger's Self Study Guide
Strategies for CME Livestock Futures and Options
Marketing Plans: Using HedgeSim™4.0, participants will evaluate the performance of different marketing strategies under specific market conditions. General suggestions for writing a marketing plan will be discussed in the context of a generic marketing plan. Finally, participants will use their knowledge of HedgeSim™4.0 and marketing plan construction to write an individualized marketing plan for their operation.
Related Resources
Writing A Commodity Marketing Plan (.pdf) Nov 05
Blank Marketing Plan (.pdf) Jun 05
HedgeSim™ 4.0
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Master Business Managers use tools, strategies, and fundamental market analysis to manage price risks. Access additional resources (Production & Risk, Financial Management, and Strategic Planning & Policy) or return to the top of the Commodity Marketing page. Additional Intranet Resources (pdf), usually for use by extension educators, may be obtained by contacting the relevant specialist. |
Department of Economics
Box 504 Brookings, SD 57007 Phone 605-688-4855 Fax
605-688-6386