western iowa,by Denison | roo - 5/23/2026 10:26
Not being able to get out-would be a red flag!As always the insurance agent probably makes more then anyone else!
You just got lucky. In no way were you protected if the market crashed. You could have put the LRP coverage on when you bought the cattle and still sold them for your June price.
Over $100 hedge,It went to h--l when LRP's came along,before that I could easily market with puts and calls then the lrp got subsidized plus you could easily market them off the board to the packer
So your advice doesnt apply Roo if you do not show how it works,but his $11 plus would probably cost him all of that $11 to get the price he stated
One thing I have found out "No one is happy if you make a good decision"
Edited by garvo 5/23/2026 10:51
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Garvo’s $2.28 hedges?
