The National Cattlemen’s Beef Association (NCBA) and the Chicago Mercantile Exchange (CME) are teaming up with state cattlemen’s associations to present a risk management workshop called “Marketing Your Way to Profitability.” The workshop will feature hands-on training for using futures and options and how to use these tools in cattle operations. The workshop will be held in 11 states, primarily in August and early September.
Errol Baxter, CME representative, will teach the beginning level course that includes instruction on the mechanics of futures with hedging and the basics of forward pricing with options. Also, planned is a market outlook presentation that will update the group on the current cattle market situation.

Marketing Your Way to Profitability are being held in: Illinois (July 23-24), Oklahoma (Aug. 16), Texas (Aug. 17), Montana (Aug. 20), Kansas (Aug. 23), Michigan (Aug. 25), Tennessee (Aug. 27), Alabama (Aug. 30), Mississippi (Aug. 31) Florida (Sept. 2), and California (Nov. 11).

For more information on the sessions and to register, contact Renee Lloyd, NCBA, at 303-850-3373 or rlloyd@beef.org. ©