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Summary Of The Faculty Lecture By Mark Manfredo

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The faculty lecture that I watched at 7 p.m. on October 4th was presented by Mark Manfredo. The lecture presented by Manfredo was based around commodity futures markets and it’s many factors. Manfredo discussed many different commodities and how they fall under the pure competition markets. He states that firms, buyers, and sellers are the price takers in pure competition markets as well. Manfredo shows how the prices of these commodities are volatile and how commodity future markets allow businesses to lock in commodity prices. Basically, this future market helps firms and corporations manage their commodity price risk. Towards the end, Manfredo tells the audience that the Morrison School offers two business degrees in Food Industry Management
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