Extension, Cooperative

 

Date of this Version

2005

Document Type

Article

Comments

© 2005, The Board of Regents of the University of Nebraska on behalf of the University of Nebraska–Lincoln Extension. All rights reserved.

Abstract

Livestock Risk Protection (LRP) Insurance for feeder cattle is a price-risk management tool available to feeder cattle producers with cattle in Colorado, Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, Nevada, North Dakota, Ohio, Oklahoma, South Dakota, Texas, Utah, West Virginia, Wisconsin, and Wyoming. LRP indemnifies against declines in feeder cattle sales prices, as determined by the Chicago Mercantile Exchange (CME) Feeder Cattle Can Index, which represents a national average cash feeder steer price.

This extension circular examines historical LRP basis and demonstrates its use in hedgling with LRP.

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