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Cattle Boards
NCBA, R-CALF, COOL, USDA (No Politics!)
Livestock Risk Protection
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<blockquote data-quote="KAstocker" data-source="post: 1697599" data-attributes="member: 40060"><p>I've never used either, just researched them to keep in my back pocket. LRP is nice because it just sets a floor and doesn't lock you in at that price. I imagine with futures you could do that with options and be cheaper, though the subsidies are creeping into LRP, which I'd rather do without. Feeder future has to be at least 700 lb steer, and that's pretty heavy for a cow calf guy. I think LRP minimum is 600 lbs.</p></blockquote><p></p>
[QUOTE="KAstocker, post: 1697599, member: 40060"] I've never used either, just researched them to keep in my back pocket. LRP is nice because it just sets a floor and doesn't lock you in at that price. I imagine with futures you could do that with options and be cheaper, though the subsidies are creeping into LRP, which I'd rather do without. Feeder future has to be at least 700 lb steer, and that's pretty heavy for a cow calf guy. I think LRP minimum is 600 lbs. [/QUOTE]
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NCBA, R-CALF, COOL, USDA (No Politics!)
Livestock Risk Protection
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