Livestock Risk Protection (LRP) protects your investment should prices drop before your livestock gets to market while preserving your upside potential. LRP is similar to a put option, allowing producers to establish a floor price for protection while leaving upside price potential open. Unlike market contracts and options, it does not require a margin account or broker, it is closer to the actual ending value of the livestock and is based on cash market index price rather than the futures market. This federally-sponsored program insures against declining market prices (based on USDA’ Agricultural market Services).

LRP Basic Provisions

LRP Policy 1.20.2021

LRP – Feeder Cattle

LRP Feeder Cattle Endorsement– Fact Sheets

LRP Feeder Cattle Premium Calculation

LRP Feeder Cattle Underwriting Rules 1.20.2021

LRP Feeder Cattle Endorsement

LRP – Fed Cattle

LRP Fed Cattle Fact – Sheets

LRP Fed Cattle Premium Calculation

LRP Fed Cattle Underwriting Rules

LRP Fed Cattle Endorsement

RMA Livestock Risk Management Handbook
Livestock Risk Protection | Crop Insurance


Suspension of Livestock Risk Protection Basic Provisions
60-Day Ownership Requirement Due to Severe Drought | 05.19.22

Download Manager Bulletin

Understanding CME Feeder Cattle Index® (PDF)

Accessing CME Feeder Cattle Index Information:
CME now requires that you set up an account in order to access Cash Settled Commodity Prices

  1. Get a new free account here:
  2. Check your email and activate your account by clicking the link
  3. You will be directed to a log-in page
  4. Sign in
  5. Go here to access pricing once you have created an account
  6. You will download a zip file. Click on the zip file and the pricing will open in Excel.