Instructor:

Dr. Lee Schulz

478D Heady Hall

lschulz@iastate.edu

4-3356

 

 

 

Got a question or comment. Contact me by phone or e-mail.

 

 

Lecture Notes

• Class Intro and Introduction to Futures
• Basic Futures Definitions
• Margin Accounts
• Hedging with Futures
• Basis and Convergence
• Market Participants
• Intro to Options
• More on Options
• Seasonals, Charting, and Technicals
• Dairy Pricing
• Dairy Pricing, Part 2
• Marketing Plans
• Marketing Comparisons
• Ag Outlook
• Overview of U.S. Livestock
• Livestock Pricing
• Livestock Marketing Decisions
• Direct Meat Marketing
• Crop Insurance
• Marketing Assignment Example
• Market Reaction to USDA Reports
• Carry and Cost of Ownership
• Next Generation Contracts
• Rolling a Hedge
• Optimal Hedging and Hedging Effectiveness
• Cross Hedging
• Multimarket Relationships

 

 

In-Class Activities

• In-Class Activity #1
• In-Class Activity #1 Answer Key
• In-Class Activity #2
• In-Class Activity #2 Answer Key
• In-Class Activity #3
• In-Class Activity #3 Answer Key
• In-Class Activity #4
• In-Class Activity #4 Answer Key
• In-Class Activity #5
• In-Class Activity #5 Answer Key
• In-Class Activity #6
• In-Class Activity #6 Answer Key

Online Lectures

• Overview of the Tools
• Contracts
• Trading Concepts
• Short Futures Hedge
• Short Futures Hedge, Live Cattle Example
• Forward Contracts
• Buying a Put
• Buying a Put, Live Cattle Example
• Livestock Gross Margin
• Livestock Risk Protection

 

 

Homework

• Homework #1, Due 1/16/18
• Homework #1 Answer Key
• Homework #2, Due 2/8/18
• Homework #2 Answer Key
• Homework #3, Due 2/22/18
• Homework #3 Answer Key
• Homework #4, Due 3/22/18
• Homework #4 Answer Key

 

 

Class Trading Website

• Commodity Challenge

 

 

Marketing Assignment

• Oakview Farms
• Commodity Challenge Set Up

 

 

Lab Information Sets

• Ag. Market Information Sources
• Why Iowa Farmers Need Export Markets
• Corn PreHarvest Marketing Simulation
• Corn PreHarvest Marketing Simulation Guide
• Feeder Futures Prices
• Auction Cash Prices for Iowa Feeder Cattle
• MPP and LGM Dairy Guide
• Futures & Options Calculator
• Iowa Beef Industry Council
• Iowa Beef Industry Council Links
• Feeder Cattle Pricing
• Ethanol Game - Ethanol Spreadsheet
• Ethanol Game - Farm Spreadsheet