LPI strives to capture and provide producers with as much of the cash market sales as possible. Weekly reporting of cash prices by producers will directly benefit the settlement and sustainability of the Program. All data reported is confidential and analyzed for program enhancements specific to LPI .
|Help us significantly increase the value of our program. We only require five minutes of your time each week.
Voluntarily reporting cash prices on a weekly basis will:
Start reporting your prices
Participation is voluntary and available to all beef producers finishing cattle in British Columbia, Alberta, Saskatchewan, and Manitoba. Current LPI program subscription is not required.
To help significantly increase the value of LPI, producers can report their cash price to Agriculture Financial Services Corporation (AFSC). This requires five minutes of time, each week. To register, navigate to the registration form online.
Once registered, participants will receive weekly email reminders to report your cash price to AFSC. LPI defines the Fed cash price as, “expected delivery within 30 days of price negotiation, live or rail.”
Current Settlement Process
Currently, program data is collected electronically by Canfax and transmitted to AFSC. Canfax remains an essential resource to LPI. Cash sales not reported to Canfax are not included in the data. Therefore, it is valuable for producers to report cash sales to Canfax to continue generating relatable settlement prices. For more information on settlement methodology, click here.
Incorporating Fed Cattle Price Reporting Program Data
After completing sufficient analysis on reported pricing data, LPI notifies subscribers when it will be included in the settlement index.
Fed Cattle Price Reporting Program Origin
Industry consolidation and shifts in marketing evolved over the years to create a different risk management dynamic. In 2017, LPI conducted a third-party review of all programs, gathering valuable feedback from stakeholders and producers.
A common producer concern was the continual thinning of Fed cash market data reported to LPI and the potential of delays in settlement prices. These delays have varied in length, some only affecting the current week while others lasted a few weeks if data remained thin.
Both the Alberta Cattle Feeders Association and the Saskatchewan Cattlemen’s Association, approached AFSC to research the possibility of voluntary price reporting. This would capture as much of the cash market sales as possible. A pilot project of voluntary price reporting was conducted and ran for 18 consecutive weeks, consisting of six active cattle feeders. The pilot was deemed successful. Members actively participating each week increased data available to LPI.
Encouraged by the data received, LPI has continued with this initiative. The next step is for LPI to collect producer cash data from all willing producers across all four western provinces, specifically using data within our definition of cash price.
Give us your Feedback
LPI is pleased to continue to provide a risk-management option to cattle feeders in western Canada. We appreciate your support of this initiative and invite you to contact us with any questions or concerns.