COMMODITY markets are inherently volatile and unpredictable. Look at what has occurred in the beef complex over the past two years. The market's run to the upside in 2014 was unprecedented, as was its plunge to the downside in 2015.
That action in back-to-back years reinforces the need to fully understand risk (and risk management) as it pertains to strategic business decisions. Nevertheless, managing external risk today is very complex for several
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