Example #5 Settlement Calf

Doug has coverage of $142/cwt on his calves for Nov 4th as Doug’s claim window is drawing near he begins to watch the settlement indexes.  During Doug’s four week claim window Oct 14-Nov 4; settlement price did not drop below the coverage price that was set in the spring. There would be no payout for Doug on his LPIP insurance.

Date Settlement / CWT
14-Oct 165.31
21-Oct 165.84
28-Oct 163.77
4-Nov 160.6