Commodity and Ingredient Hedging account executive Josh Pankratz is advising livestock and poultry farmers to protect themselves from huge market swings. “We have this push and pull between a weather forecast that could tighten up the crop while USDA is still projecting a bumper crop in corn and little tighter supply in beans but still growing.” Pankratz told turkey growers at the Minnesota Turkey Growers Association Summer Summit to incorporate flexibility in their price risk management to benefit from lower markets while protecting price when there is a pullback.
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