The Cattle Price Insurance Program (CPIP)
provides the seasonal ability to lock in
calf prices. Yesterday was the first
offering (runs Feb to May) and the top
price was $1.68 for a $3.04 CWT premium
to the week of Sept 22. That equates to
1.65 for a weaned calf (based on 550#
calves).
850# feeders were available at $1.68 for
a $2.64 premium yesterday.
provides the seasonal ability to lock in
calf prices. Yesterday was the first
offering (runs Feb to May) and the top
price was $1.68 for a $3.04 CWT premium
to the week of Sept 22. That equates to
1.65 for a weaned calf (based on 550#
calves).
850# feeders were available at $1.68 for
a $2.64 premium yesterday.