Page 34 - Minerva Foods | Annual Report 2017

Beef Desk
Coordinated by the Market Intelligence area, the Beef Desk joins managers on a daily basis from various levels – Sales, Planning and Pro- duction, Cattle Procurement, Treasury, Trad- ing and Market Risk as well as the COO and CEO – to exchange information and strategic decisions, based on interpretation of current market forces and the potential impact on price curves for inputs and finished products, outlining the short-term operating strate- gy. Various resources are used in an effort to
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mitigate the risk of price volatility while also maximizing margins.
The Beef Desk functions as a commodi- ty trading desk, aimed at providing agility and assertiveness when making decisions. The Company also holds weekly meetings – Choice Meeting and Pricing – to establish the allocation of more profitable beef cuts in the market, based on the assessment of aspects such as labor costs, shipping, taxes and more, for the period analyzed. The Beef Desk is also