CARTHAGE, Mo. (RFD News) — Several factors are at play in the cattle market as producers weigh recent market developments and their options for managing risk.
Jake Charleston with Specialty Risk Insurance Agency joined us on Tuesday’s Market Day Report to discuss his outlook for the cattle market and risk management options for producers.
In his conversation with RFD News, Charleston said Livestock Risk Protection had been less attractive in recent months as cash prices outpaced futures and premiums remained high. He said conditions have since shifted, making protection levels look more favorable.
Charleston also pointed to Livestock Gross Margin insurance as another option for producers with cattle on feed. He said the program takes feeder cattle and corn prices into account and is a tool more producers should consider.
