There I decided to focus my statistics and economics towards Risk Management for cattle feeders. In 1986 Garnac Grains who, owned Clayton Brokerage, decided to get out of the commodity brokerage business and I went with Blunt Ellis and Loewi that was owned by Kemper Securities. In 1990 I moved to Linnco Futures Group (LFG) and by April of 2000 was in a branch of R.J. O’Brien. In January of 2002 I decided to open my own IB office through RJO which is now CattleHedging.com, LLC.
I had been building Risk Management research and Hedge Strategies through all these years and built www.CattleHedging.com website in 1999 to give access to my feed yard and ranching customers. In 1983 I was asked to speak on “BASIS RISK” in Chicago at a Futures Symposium where a couple of Canadian cattle feeders heard me and invited me to Canada. I have enjoyed working with both Canadian cattle producers and packers ever since. In the early years I worked on both seasonal basis for Canadian fed and feeder cattle as well as developed a basis regression model that was used to offer basis contracts to Alberta feed yards, using the U.S. cattle futures market.
While feeding cattle in the 80s I built an Excel spreadsheet to reconcile my risk management with futures and options with my cattle on feed. We used this spreadsheet for some feed yards until 2007 when I started developing an online product called “Hedge Positions” to be used by both feed yards and myself to help Manage Risk!
Specialty/Focus – Managing Risk for Livestock Producers and Packers in the U.S. and Canada. – Not just as a broker but as a consultant to feed yards through Hedge Positions! – I enjoy golf and fishing and spend a great deal of time studying and teaching scripture.