Thursday, July 18, 2024
Thursday, July 18, 2024
HomePet Industry NewsPet Insurance NewsLearn Find out how to Leverage Livestock Insurance (or LRP) to Navigate...

Learn Find out how to Leverage Livestock Insurance (or LRP) to Navigate the Cattle Market’s Ups and Downs


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In some ways, LRP is like shopping for automobile insurance coverage, he mentioned. You would not purchase a brand new automobile and wait 5 years to insure it. You need to purchase larger ranges of protection whereas the car has the next worth.

“Valuable issues are price insuring,” he mentioned, including that LRP will help farmers “entertain present values for as much as a 12 months longer than they could final.”

DTN Livestock Analyst ShayLe Stewart will deal with the query of how lengthy present costs could final.

Stewart will clarify how she analyzes the market’s long-term bullishness amid so many bearish surprises. She’ll have a look at the market’s present state within the wake of recent gross sales and focus on each the alternatives and dangers forward for cow-calf producers.

“As producers and commodity merchants alike all know, the cattle advanced operates in a cyclical cycle, however the present bullish upturn is not something like what the trade noticed again in 2014. The market possesses an all-time low stock of beef cows, fed cattle costs have scaled to new highs and the feeder cattle market has by no means seen demand like this earlier than,” she mentioned.

“But larger costs do not essentially guarantee profitability, and cattlemen know that ultimately the tide will flip, and costs will soften once more, which is why it is essential that we focus on the long-term outlook of the cattle advanced and focus on the present fundamentals at play.”

The DTN Ag Summit Series webinar begins on Friday, June 14, at 8:30 a.m. CDT. You can register at no cost right here: https://dtn.hyperlink/….

Katie Dehlinger might be reached at [email protected]

Follow her on social platform X @KatieD_DTN

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