cattle futures | Ag Proud

What is Livestock Risk Protection?

Livestock Risk Protection is an insurance product designed to protect against a decline in beef prices. While LRP has been around for a while, some things have changed, and those changes are proving advantageous for beef producers.

August 29, 2022

Jimbo Mercer

Fewer than 80,000 head of feeder cattle were price protected in the year before the 2020 overhaul of the Livestock Risk Protection (LRP) program. This year, on an annualized basis, approximately 4.5 million head of feeder cattle LRP will be purchased.

Pricing calves

January 4, 2022

Matthew A. Diersen

During December 2020, the price for 500- to 600-pound steers in South Dakota briefly averaged above $190 per hundredweight (cwt) for a couple of weeks, a level last observed in early 2016.

Understanding hedging with an index-based contract

September 24, 2018

Tim Andriesen

Today’s cattlemen and women are well aware of the ever-increasing risks that could affect profitability. But when managing risk, there are still misperceptions around futures contracts.

Items Tagged with 'cattle futures'

ARTICLES

What is Livestock Risk Protection?

Pricing calves

Understanding hedging with an index-based contract

Dairy risk management calendar: December

October summary on dairy cows culled for beef

Accelerating livestock methane mitigation and monitoring technologies

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