Risk Management - Research

Summary

MLA's Risk Management program (and MLA's role in risk management) centres around ensuring that risk management products, market information and advisory services are available; and that users are sufficiently motivated and equipped with the knowledge and expertise to harness opportunities for controlling price and/or supply.
Program objectives:
1. Help to research and facilitate the development and uptake of alternative cattle and beef risk management products.
2. Drive uptake of the Australian Forward Cattle Trading standard through a focused business development program.
3. Assist the development and provision of the market information and advisory services required to stimulate adoption of risk management.
4. Foster cattle supply chain marketing training and education.  
MLA's risk management program aimed at developing a forward thinking mindset within the industry, through activities promoting uptake of the Australian forward cattle trading standards and increasing the knowledge of the different forward contracting tools and their use.  Managing supply was a key component of MLA's risk management program. Education provided was practical, and will raise the understanding of how to utilise market information (including basis) and the available risk management tools to harness marketing opportunities, whether or not a hedging strategy is involved. Importantly, training was delivered through supply chains or other influencers such as consulting groups and stock agents and to build on existing business practice.  Programs included the use of Confident livestock marketing workshops that provided participants in the cattle industry with an insight into where to find market information, how to interpret this information and, importantly, how to use this information to assist in making cattle buying and selling decisions. The MLA/SFE cattle futures contact was delisted in 2009.

Related MLA projects

G.MIO.1351 Risk Management - Research
G.MIO.1432 Impact of the Indian buffalo industry on the world beef market for next five years (2014- 2018)
G.MIO.0952 NACMA agreement 2008-09
G.MIO.1041 Forward Cattle Trading Standard
G.MIO.0852 Australian Forward Cattle Contract
G.MIO.1253 Confident Livestock Marketing workshop delivery
G.MIO.5001 Cattle Futures - R
G.MIO.1254 Risk Management Program Management
G.MIO.0851 Risk Management - Research
G.MIO.1051 Risk Management - Research
G.MIO.0951 Risk Management - Research
G.MIO.1251 Risk Management - Research
G.MIO.1354 Risk Management Program Management
D.BIS.2013 Foodservice Tracking research
G.MIO.1252 Delivery of Confident Livestock Marketing workshops
W.LIV.0398 Implications of the Indonesia live cattle market suspension for the Northern Australia beef cattle industry