In the Cattle Markets: Forage Production Insurance Changes
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In the Cattle Markets: Forage Production Insurance Changes
LAKEWOOD, Colo. — Earlier this summer, the USDA’s Risk Management Agency announced major changes to hay insurance for many states. The affected product, Forage Production, has historically insured against yield losses on alfalfa and alfalfa mixes in dairy states. Beef producers have been able to use the product too as it covers the hay crop and not cattle. The change adds revenue insurance to forage (hay) in many states. In the June Acreage repo…
Cattle See Mixed Monday Trade, as Live Cattle Strengthen
Live cattle futures were higher on Monday, with contracts up 82 cents to $1.80 across most months. There were no deliveries issued on first notice day for August live cattle futures. Cash trade picked up last week at $235 live and $370 dressed (North) across the country. It has been...
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