Planning for Black Swans Series Overview

What is a black swan? Market experts use the term to define unpredictable, catastrophic events that are beyond what is normally expected of a situation and bring extreme, unknowable consequences. The COVID-19 pandemic is our modern-day black swan, unleashing the most severe market volatility in history alongside one of the worst public health crises in generations. We get hit with these catastrophic events on a regular basis, but we never know when they will happen, what form they will take or what impact they will have. How do you plan for and protect your business from the negative consequences of these events?

Join IDFA and INTL FCStone Financial Inc., a wholly owned subsidiary of StoneX Group Inc., for a special, three-part virtual series that will position the dairy industry to plan and react more swiftly when the next black swan is on the horizon. Featuring financial market experts and food industry leaders together in one unique webinar series, Planning for Black Swans will deconstruct the warning signs and fallout from COVID-19, and recommend practical risk-management strategies to help you recognize the unpredictable as the probable, and plan accordingly.

Session 3: Finding the Right Tool for the Risk Management Job

Buying cheese for a restaurant chain isn’t a walk in the park under normal circumstances. Learn how one major dairy buyer balanced volatile 2020 dairy markets against uncertain physical purchases on a global scale. You will also gain a better understanding of how his actions in 2020 compared to other decisions and actions while serving in other, non-dairy financial industry roles managing price risk.

Moderated By

Michael Dykes

President & CEO


Derek Nelson

Director of Commodity Risk & Analytics, Little Caesars Pizza

Robert Chesler

Executive Director, Global Dairy & Foods Group, INTL FCStone Financial Inc., a wholly owned subsidiary of StoneX Group Inc.


Members: Free
Non-Members: $195.00 per session

The webinar registration fee is based on membership. If you have any questions about membership, please email