Dairy Industry Authority Ken Bailey Joins FCStone as Full-Time Broker and Consultant
KANSAS CITY, Mo., July 14, 2009 (GLOBE NEWSWIRE) -- FCStone Group, Inc.
(Nasdaq:FCSX), a commodity risk-management firm, today announced that veteran
dairy industry expert Ken Bailey has joined the firm as a full-time consultant
and broker. Dr. Bailey specializes in advising and executing risk management
strategies for processors/dairy buyers to hedge their dairy component risks, and
has previously served as a consultant to FCStone and, before that, to
Downes-O'Neill prior to its acquisition by FCStone in 2008.
Dr. Bailey's deep expertise in the dairy sector reflects his prior service as a
Professor of Agricultural Economics at Penn State University, where he developed
educational programs in the area of dairy markets and policy.
"With his extensive expertise and unique perspective on the U.S. dairy industry,
Ken has been a vital contributor to our firm, and having him join us in-house
will provide additional benefits to our customers," said Tom Gaughan, Vice
President of the Food Service Division at FCStone. "The current economic
environment makes it critical for dairy farmers, producers, processors, and
investors to be informed on the latest trends and issues. Ken's historical
knowledge and understanding of dairy market supply and demand factors is itself
an extremely valuable commodity for our clients."
"The growing demand for specialized dairy consulting services has made this the
perfect time for me to join FCStone full time," said Dr. Bailey. "Our clients
value our in-depth expertise and our ability to provide strategies that help
offset the ups and downs of the markets and their businesses. I look forward to
my new role and dedicating more time to helping the firm's clients."
Dr. Bailey holds a Ph.D. in Agricultural and Applied Economics from the
University of Minnesota. He also writes The Bailey Report, a monthly FCStone
publication focusing on dairy market trends and products.
About FCStone Group, Inc.
FCStone Group, Inc., along with its affiliates, is an integrated commodity risk
management company providing risk management consulting and transaction
execution services to commercial commodity intermediaries, end-users and
producers. The firm assists primarily middle market customers in optimizing
their profit margins and mitigating exposure to commodity price risk. In
addition to risk management consulting services, FCStone, LLC, operates one of
the leading independent clearing and execution platforms for exchange-traded
futures and options contracts. FCStone Group, Inc., serves more than 8,000
customers and in the 12 months ended May 31, 2009, executed more than 73.7
million derivative contracts in the exchange-traded and over-the-counter
markets. The FCStone Group companies work in all the major commodity areas
including agriculture, energy, renewable fuels, foods, forestry, cotton and
textile, dairy and currency exchange. Headquartered in the Midwest, it has
offices located throughout the world and is a clearing member of all major North
American Futures exchanges. FCStone Group, Inc., trades on the NASDAQ Global
Select Market under the symbol "FCSX."
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CONTACT: Brainerd Communicators
Maggie Duquin
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duquin@braincomm.com
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