Feeder Cattle

Livestock Risk Protection (LRP)

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LRP-Feeder Cattle is a federally-reinsured livestock product that provides protection when the national cash price index, as reported by the Chicago Mercantile Exchange (CME), falls below the insured’s price coverage level.

Flexible Contract Size

  • Offered on per-head basis
  • Coverage available on unborn calves
  • Premium due after coverage ends

Price Protection Tool

  • Guards against decline in market price
  • Protect your bottom line
  • No slides or basis

Lender Advantages

  • Preferable to a put option to cover a loan
  • Coverage endorsement cannot be cancelled
  • Lender may take security interest

Need more information, browse a few of our resources.

Livestock Risk Protection (LRP) Resources

Receiving LRP Daily Rates

LRP Questions & Answers

LRP Feeder Cattle | Fed Cattle Subsidy Table

Coverage Level 95% – 100% 90% – 94% 85% – 89% 80% – 84% 70% – 79%
Subsidy 35% 40% 45% 50% 55%

LRP Feeder Cattle Price Adjustment Factors

Weight Steers Heifers Unborn Calves Predom. Brahman Predom Dairy
<6.0

6.0-9.0

110%

100%

100%

90%

105%

N/A

100%

90%

85%

80%