The fifth lecture complements the topics discussed in Study Guide: Chapter Five.

Topics covered include:

• how price changes affect gross margins;
• how to calculate the minimum expected margin and the net margin on livestock hedged with LGM under various market conditions; and
• some final considerations when purchasing LGM.

• Chapter Five Lecture
• Chapter Five Text
• Chapter Five Slide Presentation
• Check for Understanding

• To view the printed course materials and slides, you will need the Adobe Acrobat Reader
• To view the videos, you will need the free RealPlayer software available from Real.com.