Jenny Ifft, a professor at Kansas State University, writes in the recent Beef Tips:

How widespread is LRP use? 2025 LRP enrollment in Kansas has surpassed 500,000 head of feeder cattle and will likely increase further. Current 2025 enrollment is equivalent to about 41 percent of the 2024 calf crop, but many LRP-eligible feeder cattle are purchased from other states and moved to Kansas every year. I estimate the current market share for feeder cattle to be 25 to 30 percent.

Read the full article at: https://enewsletters.k-state.edu/beeftips/2025/06/30/livestock-risk-protection-lrp-a-tool-for-managing-price-risk-in-todays-market/