Contract Management

With the Contract Management module the meat processor can easily manage his producer contracts for the supply of animals.

Pricing formulas can be specified for key pricing variables. Pricing formulas can include animal data such as weight, grade and demerit info as well as market data such as CME daily prices, or averages of any data item. These values can be combined using a comprehensive library of math functions.

Contract pricing parameters can be entered for each producer. The pricing model allows for grid based look up for premiums and factors based on the animals weight and grade. An unlimited number of premiums can be specified to handle all normal conditions such as time of day premium, fuel surcharge, etc.

In addition to contract buying the system supports spot buys, forward contracts as well as ledgering.