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| It is complicated. It's similar to buying lean hog put options, and buying corn and meal call options. And it might not be the right time to do it with high feed prices now. If corn and meal prices drop and lean hogs drop, you wont have a claim. You have to remember you are insuring a gross margin. You almost have to dabble in it to get familiar with how it works. Also, you can't do LRP and LGM simultaneously. It has to be one or the other.
Edited by KBC 3/4/2021 12:18
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Hog LRP "Sweet Spot"
