Choosing the right program

Ensure your insurance coverage is reflective of the risks you face in your cattle operation by choosing the appropriate program. The calf program is designed for the cow-calf producer selling calves in the fall. The feeder program reflects the risk a producer backgrounding cattle faces. The fed program reflects the risks a feedlot, finishing cattle, would face.

Cattle price insurance options Calf Feeder Fed
Class of Cattle Unweaned Calves under one year of age. Weaned, or nearly weaned cattle being backgrounded and/or intended for grass Finished cattle expected to grade A or better.

Forward Price Coverage

Based on a feeder price forecast with an adjustment for the price of barley and the price difference between feeder cattle (850 pounds) and calves. Based on the Chicago Mercantile Exchange’s Feeder Cattle Futures, currency and cash to futures basis. Based on the Chicago Mercantile Exchange’s Live Cattle Futures, currency and cash to futures basis.
Settlement Based on the average price of a 600 pound steer. Based on the average price of an 850 pound steer. Based on a finished animal at the Canfax fed cattle price.
Availability Purchase in the spring (Feb-May) for fall settlement. Year-round Year-round

Policy Lengths

16-36 weeks

12-36 weeks

12-36 weeks

With a minimum weight of only one hundred pounds (cwt) to participate, a producer can choose to insure any portion of their cattle inventory. By choosing from a range of policy lengths, a producer can match insurance to actual cattle marketings. Offering a range of coverage levels for each policy length, a producer can decide to take on varying levels of risk. With no obligation to sell the insured cattle to claim and the last four weeks of the policy to submit a claim in, the program remains flexible.