Milk Pricing & Dairy Policy Workshop

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2 DAY WORKSHOP // OCTOBER 20th + 21st
…….9:00am – 1:00pm PT

WORKSHOP RATE // $99

…….REGISTRATION DEADLINE: Friday, October 16, 2020

WHY ATTEND //

  • Dairy 101 Basics for new industry employees; a refresher course for those with experience
  • Keep current on milk pricing and potential policy changes
  • Hear from experts on milk pooling and pool reporting
  • Learn about managing price risk
  • Understand what’s driving your milk cost in today’s chaotic markets
  • Determine how an evolving industry will impact your business

OUTLINE //

DAY 1

DAIRY INDUSTRY OVERVIEW
Milk Basics
– Sources of Supply
– Industry Structure
– Milk and Other Costs

FEDERAL MILK MARKETING ORDERS (FMMO)
– What are they?
– How do they work?
– How Order Prices Are Calculated
– Milk Pooling Overview

WHAT DRIVES MILK COST?
– Elements of Supply & Demand
Domestic Influencers
– Global Drivers
– Dairy Policy Basics

DAY 2

POOL OPERATIONS AND REPORTING
How Pool Milk is Classified and Reported
– Determining Your Pool Obligations
– Nonpool Milk Reporting

MANAGING MILK PRICE RISKS
– Forward Contracts
– Hedging with Futures
– Hedging with Options
– Combination Strategies
– Swaps

CALIFORNIA TOPICS
Unlawful Practices
– Milk Producer Security Trust Fund
– California Quota

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