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.