If a producer is purchasing light feeder calves in the fall, with the intent of growing them on grass in the upcoming year, there won’t be a policy length long enough to insure the desired sale time. LPI – Feeder only offers up to 36-week policies. These calves could be insured with a spring-settling LPI-Feeder policy and then re-insured for the fall, as long as the producer insures the weight the cattle are expected to be at each policy expiration. It is important to remember the correlation between the light feeder cattle in the spring and the 850 lb Feeder settlement index will potentially be less and the producer will be paying two sets of premiums on the same cattle.
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