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Sw mn | Here are the prices for anyone interested. I don’t know the exact rules for a calf born tomorrow versus a feeder bought today. Have to ask your insurance agent.
The lrp premium is how much you pay per hundred pounds of insured weight, it isn’t due until after the policy expires. Heifers are insured at 90% the value.
The close out it is based off of the feeder cattle index. (What calves are currently selling at in the barn)
If your a small producer you can do just a few head where the CBOT is 50,000 lb contracts.
Edited by Hick 2/17/2024 08:11
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My 2 cents….
