With many policies settling this fall, the LPI team is back to dispel common myths and answer important questions about the Livestock Price Insurance (LPI) program.

Question: Does LPI include forward sales in settlement?

No, LPI does not include forward sales in our settlement data. LPI’s parameters for a cash sale are defined as delivery within 14 days of sale. This ensures we adhere to using market data that reflects current market conditions. Forward sales delivered outside of the 14-day window are not included.

Join Taylor as he explains why forward pricing is not included in settlement pricing.

Download the LPI Program Guide or visit Understanding Premiums and Settlements to learn more about settlements.