Extension, Cooperative
Date of this Version
2004
Document Type
Article
Abstract
Livestock Risk Protection (LRP) Insurance for fed cattle is a price-risk management tool initially offered in June 2003 to fed cattle producers in Nebraska, Iowa, and Illinois. LRP indemnifies against declines in cash fed cattle sales prices, as measured by a regional weekly weighted average cash slaughter steer price.
This 2004 extension circular examines historical LRP basis and demonstrates its use in hedging with LRP.
Comments
© 2004, The Board of Regents of the University of Nebraska on behalf of the University of Nebraska–Lincoln Extension. All rights reserved.