LRP coverage, implemented consistently, helps to ensure the success of cattle operations and offer peace of mind – regardless of external factors. Though the market has seen historic highs throughout the past 18 months and indicators point to favorable prices in the future, cattle prices are not impenetrable.

As record-breaking inflation continues to make headlines, few consumers or industries aren’t feeling the impact of higher prices and interest rates. But even during times of incredible market volatility, producers can mitigate their risk and create staying power for the future.

Fewer than 80,000 head of feeder cattle were price protected in the year before the 2020 overhaul of the Livestock Risk Protection (LRP) program. This year, on an annualized basis, approximately 4.5 million head of feeder cattle LRP will be purchased.