Grain Markets are more volatile and there is more choice.
Put a plan in place so you don't just buy when you use it, but by when it makes sense for your business. There are enough structures so that price, cash flow and logistics don't compromise each other.
As the milk market evolves, be ready for how it will impact your business and be a market leader in innovation.
Take control of your margins, manage both milk and grain prices, together.
Grain Farmers say: "harvest is the best time to sell", while Dairy Farmers say: "harvest is the best time to buy".
Who is right? Neither.
Markets change all the time - set some rules that are based on your business and work the market to them.
Don't cyrstal ball the market.
Get the basics right; make sure you are not paying more for your grain because of your silo or auger size and make sure you are not paying for sub-quality product.
Do all this with your existing supplier or try a few others.
Ever have a contract that has slipped through your paper work trail, or a "missing" load delivered by a supplier, or a dispute over a contract's existence right when the market pops?
Reporting takes time, but is imperative. Let Lachstock save you time and keep you at trade practice levels by managing your portoflio for you.
Lachstock Consulting produce a short and sharp daily market wrap keeping you up-to-date with the overnight markets, delivered via email or App.
For more detail, commodity specific analysis, an update on changes in the milk market and key issue discussions, take a look at the fortnightly reports that are tailored to your region.
Would you like an update on what the key currency and grain and milk futures markets did overnight, delivered to you in the morning?
How about access to the price of grain at your local site or delivered to your region?
Lachstock provides both. A morning SMS on futures and afternoon on cash prices.
Like to customise it yourself? Sure, download the Lachstock iPhone app, login and filter the cash and futures prices you want as you wish.