Be a part of the North Carolina section, call
Chris Jeffcoat (717) 476-1496 • cjeffcoat@angus.org
or
Karri Mildenberger (816) 383-5289 • kmildenberger@angusjournal.com
Richard D. Kirkman, DVM
4K Farms / Tarheel Angus
(919) 742-5500
info@tarheelangus.com
20416 US 64 West
PO Box 350
Siler City, NC 27344-0350
www.tarheelangus.com
Springfield Angus
Ted S. Katsigianis, Vice President/Agriculture
One North Pack Square • Asheville, NC 28801
Office (828) 225-6156 • Home (828) 274-0607
Fax (828) 225-6139
Visitors Welcome
Please call for an appointment.
104 Springfield Lane • Louisburg, NC 27549
Phil Goodson • Cell (919) 880-9062
Farm (919) 496-6722
www.springfieldangus.com
Russell & Elaine Wood
685 Honeycutt Rd. • Willow Spring, NC 27592
rwood146@nc.rr.com • www.woodangus.com
Office 919.275.4397 • Russell 919.801.1892
DeEtta 919.801.5328 • John Barnes 252.230.0650
Jeremy Feller 919.901.5079
July 2015
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commission and interest, Clark advises.
6. Execute when target prices are
reached.
7. Review results to determine what
works best for your operation.
Clark says, "Having these things helps you
gauge and take what the market will give you.
Taking a little bit of money is better than no
money."
Regarding target prices he emphasizes,
"We have a tendency to try to get more than
we want or need. For instance, the target
we've set is $1.60, but the market gets there
and you change the plan. When you set a
price and set a target and six months ago
there was proft in the trade, don't forget that;
stick to it."
He adds, "If you change the plan, you are
not hedging anymore; you're speculating …
Remember, when it hits the target level you
set, you've got to pull the trigger."
As a fnal piece of advice, Clark notes the
importance of reviewing the results and the
marketing plan and changing it over time.
He concludes, "Coming from the CME
Group, I believe futures and options are
incredible tools to mitigate risk; but, that
said, you need to have a mix of pricing tools
and, at various times, depending on what's
going on in the market, you will use certain
tools more than others."
Editor's Note: Nov. 30, 2014, marked the 50th
anniversary of live-cattle futures, allowing
cattle producers to manage risk the same way
grain producers had been doing for 100 years.
The contract opened the door to contracts in
other live commodities; hogs began trading in
1966. Kindra Gordon is a freelance writer and
cattlewoman from Whitewood, S.D.