In recent years volatility has increased while lumber prices have spanned over a wide range leaving many companies exposed to greater financial risk. As a result, input costs and margins have fluctuated considerably. Understanding the futures market while learning hedging strategies can significantly smooth costs and improve margins while mitigating the inherent risk in marketing lumber. We will cover basic hedging, understanding basis and utilization of the market. You will see how using our proprietary Integrated Risk Management Program will help to implement a manageable risk portfolio with a goal of increasing bottom line results.