Insights & Trends in Commodity Markets: Dairy & Livestock

Tracking prices, policy shifts, and market forces shaping the dairy and livestock sectors.

Latest Posts

Calculating Actual Ending Value – Swine

This blog post walks the reader through the process of calculating Actual Ending Values for LRP-Swine. The steps are described in LRP-Swine SCE. There were no substantive changes for RY2027 vs. the...

New for RY2027: LRP Fed Cattle Expected Ending Value Price Model Update

LRP-Fed Cattle coverage is settled based on the price of fed cattle as calculated by the Agricultural Marketing Service (AMS) in a report titled the “5 Area Weekly Weighted Average Direct Slaughter...

LRP Feeder Cattle Price Adjustment Factors for RY2027

For RY2026 and prior crop years, LRP Insurance Standards Handbook contained a table with Price Adjustment Factors for various types. For example, for RY2026, LRP ISH 23.D: No such table is presented...

May 2026 FCIC Board Meeting

We had several livestock submissions presented to the FCIC Board of Directors this week. I will write more detailed blogs soon on each change, but here is a quick summary: More details soon...

Covering unborn bulls & heifers on leased cows

A producer places high quality genetic embryos in leased cows. The producer owns the embryos, has control of the cows through gestation, lactation and beyond. He also is subject to all of the...

LGM/LRP Concurrent Coverage: The Buffer Question

Consider the following scenario. In July 2026, an insured buys an LGM-Cattle SCE with target marketings of 1,000 head in November 2026. They also buy an LRP-Fed Cattle SCE and cover 1,000 head with...

RY2027 Livestock Policy Documents – Tracked Changes

April 30 is the contract change date for Livestock Risk Protection, Dairy Revenue Protection and Livestock Gross Margin plans of insurance. Yesterday early afternoon, Risk Management Agency released...

New for RY2027: LRP Feeder Cattle – Forage Disaster Exemption (Persistent Droughts, Fires and Natural Disasters)

In RY2026, LRP Feeder Cattle SCE introduced a “Drought Hardship Exemption”: if the drought substantially worsened during the LRP Feeder Cattle SCE coverage period, insureds were allowed to...