Livestock Revenue Protection

[looter]

I'm looking into LRP to hedge feeder calves. This seems like a pretty sweet deal? Its subsidized, but the craziest part is that one can only get filled on this ins after the market closes but before it opens?

I have to wait on my fall calves because you can't get LRP on calves not yet born?

Has anybody had experiance with this? Negative? Positive?

It's clearly a gov't boondoggle, and I made it thus far without anybodies help.... When it comes to subsidies I will stick to my Libertarian principles, as they aren't for sale for less than say.... a medium supreme pizza with thick crust. That's where I draw the line. SO this LRP thing is on the table at least...

I'm not interested in straight futures on anything other than a short term spec play, cuz one doesn't know what news we can wake up to. Will tomorrow bring hyper-DEflation? Perhaps Hyperinflation? Nothing would surprise me anymore. I doubt my banker has the money (even if he gave it all to me to back up my hedge) in the event the Strait of Hormuz gets shut down.

That leaves what? Video auction? CME puts? LRP?

Any thoughts on this?

Thank you!

[clayknob]

We thought about it for the pigs, but it didn't really pencil out for us. Had an insurance guy try to peddle it a couple of years ago, but haven't heard anything about it since......I do not know of anyone using it.