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<blockquote data-quote="Dave" data-source="post: 1796343" data-attributes="member: 498"><p>LRP has nothing to do with his cattle. It is an insurance on the nation wide market. Has nothing to do with what his cattle bring or how he sells them. If you think that the over all market is going to trend down it is probably a good bet.</p><p>The quote I got on Friday said their expected value of 850 lb steers is $218.91 on October 23. There is 10 levels that you can buy. The low is $199.91 the cost of that was listed at $12 a head. The high was $217.91. The cost at that level was listed $49 a head. The closer you insure to their expected value the higher the cost.</p></blockquote><p></p>
[QUOTE="Dave, post: 1796343, member: 498"] LRP has nothing to do with his cattle. It is an insurance on the nation wide market. Has nothing to do with what his cattle bring or how he sells them. If you think that the over all market is going to trend down it is probably a good bet. The quote I got on Friday said their expected value of 850 lb steers is $218.91 on October 23. There is 10 levels that you can buy. The low is $199.91 the cost of that was listed at $12 a head. The high was $217.91. The cost at that level was listed $49 a head. The closer you insure to their expected value the higher the cost. [/QUOTE]
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