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Ne Nebraska | You do not need to sell the calves when lrp expires, only need to have ownership within 30??? Days before the lrp expiration date. You can keep them and sign up again for lrp on the same calves if you want to hold them Even longer.
If you’re comfortable you can get an online trading account and do the trading yourself without any advisor at all. Feeder cattle futures contract is 50,000lbs. You are more so hedging a change in price than a set price for calves. Think of the basis on your grain. There is a basis on your calves when sold. Poor calves will sell below market and high quality will sell over the market.
Edited by cornncows 2/27/2024 09:00
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Hedging Feeders on the Future Market
