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Economic Factors Impacting Meat, Dairy Product Prices Topic of Webinar

PULLMAN, Wash. – The economic risk factors that impact how much you’ll pay for steaks and ice cream for this summer’s barbecues is the topic for a free webinar titled “Buying Steaks for the Freezer or Speculating in Livestock Commodities: Research and Extension Programming on Livestock Risk Management” at 10 a.m., Wednesday, June 2, at http://breeze.wsu.edu/research_that_works_for_you/.

The webinar, featuring Washington State University Extension Economist Shannon Neibergs, is part of WSU Extension’s webinar series, “Research that Works for You.”

In his presentation, Neibergs will discuss the factors impacting the demand for livestock products. The first section of the webinar will cover how current economic conditions – at home and abroad – interact to influence prices paid for livestock products, especially dairy and beef products.

The second section of the webinar will outline risk management strategies that livestock producers can use to manage profitability. Neibergs will specifically discuss the U.S. Department of Agriculture’s Risk Management Agency, livestock gross margin and risk protection programs, and financial analysis risk management tools available online.

“Research that Works for You” is a new webinar series developed by WSU Extension to bring the latest information developed by faculty from across the university to those who can use it, such as other faculty, students, agricultural producers, consumers and families.

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Media Contacts

James Lindstrom, director of Professional Development, 509-358-7871