Convert Blu-ray to ProRes 422 for FCP X editing and projecting

Tricks of how to decode/transcode Blu-ray to ProRes 422 for editing/projecting in Final Cut Pro. Extract Blu-ray scenes to ProRes and edit in Final Cut Pro on Mac. "I generally want to decode Blu-ray to ProRes (LT) so I can project the films or edit certain scenes to show as part a film history education series that I present a couple of times a month. Which software is recommended?"