Economic Tidbits

Video: Pricing Calves in an Uncertain Market

The latest Nebraska Farm Bureau Inside Profitability Series webinar focused on marketing and pricing spring born calves. The webinar, featuring Elliott Dennis and Jay Parsons, professors in the Department of Agricultural Economics at the University of Nebraska, explored strategies cow/calf producers can use to reduce price risk with the Livestock Risk Protection (LRP) program. According to Parsons, LRP is available across the state and provides protection against lower prices. Dennis noted November feeder cattle futures prices are currently at historically high levels, in the top 10 percent of prices seen over the past 25 years. Given the drought potential this year and higher feed costs, cattle producers should consider locking in feeder cattle prices through LRP. To view a recording of the webinar go to:

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