The outlook for cattle prices remains bright for the next few years as cattle and beef supplies continue to tighten. However, a positive outlook is no guarantee of where prices will be when it is time to sell your cattle.
Livestock Risk Protection-Feeder Cattle insurance is one tool that many cattle producers have found useful in managing market volatility. Already through late March, there is 2023 LRP coverage on more than 2.2 million head of feeder steers and heifers. That compares to fewer than 100,000 head of feeder steers and heifers with 2019 LRP coverage.
