Livestock Risk Protection. i have been locking in some LRP for calves born this spring with a policy end date of Oct/Nov at really good values. LRP is a policy that allows you to take a position vs the cash cattle index for a known end date. You can sell your calves up to 60 days prior to your end date or anytime after...you can retain ownership as well. Other than buying Put options, which for the most part are sold in 40,000 pound increments, LRP allows you to lock in a level of protection on 1 calf at a time if you absolutely needed to. I have no idea when the cattle market will go down, but a bird can only fly so high before it has to land. seen that over and over again in the grain markets. high prices will always cure high prices. Hopefully we have a year or two before we have to worry about that, but it is a crazy volatile world. farming isn't cheap...as a cow calf producer i have been covering my own calves and so far i am happy with how the lrp has allowed me to lock in some protection. give me a call and we can discuss how it works. Call Nathan Oglesby at the Glasgow location at 660-338-2252 or on my cell at 660-728-2252.
Boonville Location: 1605 Radio Hill Road, Boonville, MO 65233 Location Manager: Ronnie Anderson 660-882-2786 Fertilizer Plant: 660-882-7202 Lone Elm: 660-882-2786
Fayette Location: 111 Armstrong St., Fayette, MO 65248 Location Manager: Larry Kramm 660-248-3303
Glasgow Location: 402 10th Street Glasgow, MO 65254 Location Manager: Shawn Frevert 660-338-2251
Salisbury Location 304 W. Front St., Salisbury, MO 65281 Location Manager: Blake Erickson 660-388-6421
Central Plains and Iowa will see rain and thunderstorms today and tonight. Some areas of severe weather will be possible in the southwestern Plains. » More DTN Weather Commentary
