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Lunch

Location: Jackson Gallery
Sponsored by: Cargill

Fundamentals of Dairy Price Risk Management
Jared Morgan•Jon Spainhour

Location: The Hub

  • Jared Morgan (Vice President, Global Education at StoneX Financial Inc. - FCM Division)

    Jared Morgan

    Vice President, Global Education at StoneX Financial Inc. - FCM Division
  • Jon Spainhour (Senior Commercial Advisor at Ever.Ag)

    Jon Spainhour

    Senior Commercial Advisor at Ever.Ag
Refreshment Break

Location: Jackson Gallery
Sponsored by: Ceres

Fundamentals of Dairy Price Risk Management (continued)
Austin Benthem

The Hub

  • Austin Benthem (Director, Commodity Products of Wells Fargo Bank)

    Austin Benthem

    Director, Commodity Products of Wells Fargo Bank
Reception hosted by HighGround Dairy & Nui Markets

Willis Tower Metropolitan Club | East Room
67th Floor*

Cocktails, Hors d' Oeuvres will be served alongside phenomenal views of Chicago!

*Attendees will need to obtain a visitor badge from Willis Tower prior to taking the elevators up to the East Room.

Breakfast

Location: Jackson Gallery
Sponsored by: Valley Queen Cheese

Welcome & Introductions
Blake Anderson•Anne Krema

Location: The Hub

  • Blake Anderson (President & CEO of ADPI)

    Blake Anderson

    President & CEO of ADPI
  • Anne Krema (Director, Research & Product Development of CME Group)

    Anne Krema

    Director, Research & Product Development of CME Group
Outlook Panel
Dan Conrath•Prince Jibunor•Mary Ledman•Mark Russo•Jim Matthews

A world dairy, grain and energy outlook and how weather and climate impact them moderated by Prince Jibunor of Cargill Risk Management.

Location: The Hub

  • Dan Conrath (Senior Market Analyst at StoneX Financial Inc. - FCM Division)

    Dan Conrath

    Senior Market Analyst at StoneX Financial Inc. - FCM Division
  • Prince Jibunor (Senior Director of Cargill)

    Prince Jibunor

    Senior Director of Cargill
  • Mary Ledman (Global Dairy Strategist at Rabobank International)

    Mary Ledman

    Global Dairy Strategist at Rabobank International
  • Mark Russo (Chief Science Officer at Everstream Analytics)

    Mark Russo

    Chief Science Officer at Everstream Analytics
  • Jim Matthews (Senior Director, Global Grain and Feed of Ever.Ag)

    Jim Matthews

    Senior Director, Global Grain and Feed of Ever.Ag
Refreshment Break

Location: Jackson Gallery
Sponsored by: McCully Consulting

Outlook, Purchasing & Hedging of Cheese and Class III Milk
Tom Cono•Mike McCully

Cheese, Whey, & Class III Market Outlook with Purchasing & Risk Management Strategies for 2024 moderated by Tom Cono of Great Lakes Cheese Company.

Location: The Hub

  • Tom Cono (Director of Risk Management & Strategic Sourcing at Great Lakes Cheese Co., Inc.)

    Tom Cono

    Director of Risk Management & Strategic Sourcing at Great Lakes Cheese Co., Inc.
  • Mike McCully (President at McCully Consulting)

    Mike McCully

    President at McCully Consulting
Outlook, Purchasing & Hedging of Butter, Nonfat Dry Milk and Class IV Milk
Eric Meyer•Ronald Kevin O'Brien II

Butter, Nonfat Dry Milk and Class IV Milk market outlook moderated by Ron O'Brien of Nui Markets.

Location: The Hub

  • Eric Meyer (President at HighGround Dairy)

    Eric Meyer

    President at HighGround Dairy
  • Ronald Kevin O'Brien II (President at Nui Markets)

    Ronald Kevin O'Brien II

    President at Nui Markets
Lunch

Location: Jackson Gallery
Sponsored by: Ever.Ag

Managing Risk Associated with Supply Chain
Bob Balgemann•Arvind Goyal•Howard Kamerer•Tyler Lenz

When it comes to warehouse design and construction, design firms and construction companies often lack the internal expertise and resources to engineer a new facility efficiently. Many companies look for the lowest price per square foot while overlooking critical details that can ultimately lead to costly mistakes in facility design, construction costs, and equipment quality.

This discussion, moderated by Howard Kamerer of WOW Logistics, will cover custom-engineered solutions for new distribution facilities utilizing subject matter experts in Project Planning & Implementation (PPI) and Real Estate Development teams. These specialists analyze product and service requirements to provide the necessary data for achieving maximum efficiency within a facility. From there, the Real Estate Development team applies this data to program the building using industrial warehousing best practices.

Location: The Hub

  • Bob Balgemann (President at WOW Logistics Company)

    Bob Balgemann

    President at WOW Logistics Company
  • Arvind Goyal (Vice President, PPI at WOW Logistics Company)

    Arvind Goyal

    Vice President, PPI at WOW Logistics Company
  • Howard Kamerer (CEO and Chairman of the Board at WOW Logistics Company)

    Howard Kamerer

    CEO and Chairman of the Board at WOW Logistics Company
  • Tyler Lenz (Chief Financial Officer at WOW Logistics Company)

    Tyler Lenz

    Chief Financial Officer at WOW Logistics Company
Dairy Policies & The Impact on Risk Management
Ed Gallagher•Christopher Herlache

All six CME dairy futures markets are cash settled markets, settling to the USDA Federal Order announced prices for butter, cheddar cheese, nonfat dry milk and dry whey, along with Class III and IV milk.  By the end of September, USDA expects to complete the most comprehensive Federal Milk Marketing Order hearing since the current system was implemented in January 2000.  This marks the first time such a comprehensive hearing has been held since major FMMO reform was implemented in 2000.  The session, moderated by Ed Gallagher of Dairy Farmers of America, will discuss how the proposed changes could impact risk management strategies for product prices and milk price formulas, including Class I milk.

Location: The Hub

  • Ed Gallagher (President, DFA Risk Management at Dairy Farmers of America, Inc.)

    Ed Gallagher

    President, DFA Risk Management at Dairy Farmers of America, Inc.
  • Christopher Herlache (Risk Strategies Manager at Schreiber Foods Inc.)

    Christopher Herlache

    Risk Strategies Manager at Schreiber Foods Inc.
Refreshment Break

Location: Jackson Gallery
Sponsored by: Global Dairy Trade

How Producers React to Market Conditions
Sara Dorland•Sarina Sharp

2023 has been a rough year for dairy producers. Join Sarina Sharp in a session moderated by Sara Dorland to learn how high feed, energy, and labor expenses have raised the cost of milk production across the nation. Sarina will explain the reasons for the wide disparities in mailbox milk prices and highlight factors like on-farm margins, heifer supplies, and beef price that will impact milk production in the year ahead.

Location: The Hub

  • Sara Dorland (Managing Partner at Ceres Dairy Risk Management LLC)

    Sara Dorland

    Managing Partner at Ceres Dairy Risk Management LLC
  • Sarina Sharp (Daily Dairy Report, Inc.)

    Sarina Sharp

    Daily Dairy Report, Inc.
Understanding Technical Analysis 101
Dave Hightower•Eric Meyer

While a large majority of analysis on the markets is fundamentally based (derived from tangible supply and demand factors) many successful analysts also utilize technical analysis. Historically, technical analysis is described as the study of price action on the charts using various methods involving pattern recognition, price momentum, mathematical principles, trading volumes, open interest levels, wave theory, and a multitude of systems developed over time by noted technical analysts. The use of technical analysis began over 300 years ago using rice charts in Asia, before surfacing in the equities markets the late 1800s in the form of “Dow theory” and is currently beginning to utilize artificial intelligence! The presentation from David Hightower, moderated by Eric Meyer from HighGround Dairy, will provide a broad foundation of popular technical tools and methods and touch on the future of AI technical analysis.

Location: The Hub

  • Dave Hightower (Founding Principal at The Hightower Report)

    Dave Hightower

    Founding Principal at The Hightower Report
  • Eric Meyer (President at HighGround Dairy)

    Eric Meyer

    President at HighGround Dairy
Closing Reception

Location: Jackson Gallery
Sponsored by: StoneX

Thank you to our Gold Sponsor

HighGround Dairy