Fed Cattle LRP — Insurance for Finished Cattle

Fed Cattle LRP is a federally subsidized price floor for finished cattle (typically 1,000–1,600 lbs) headed to harvest. Coverage prices come from CME Live Cattle futures and you can insure between 13 and 52 weeks out.

Fed Cattle Classes

• Steers — finished steers ready for harvest.
• Heifers — finished heifers ready for harvest.

How Coverage Prices Are Set

For Fed Cattle, RMA uses the CME Live Cattle futures price for the contract month closest to your endorsement end date. That price is multiplied by a Price Adjustment Factor for the class and region to produce your Expected Ending Value. Your coverage price is 70% to 100% of that number.

Why Feedlots Use LRP

Compared to hedging in the futures market directly, LRP requires no margin account, no broker, and the federal subsidy lowers your effective cost of price protection by 35–55%. It's a head-by-head policy, so you can scale it to whatever portion of your inventory you want covered.

Get a Live Fed Cattle Quote

Use the LRP Calculator and select Fed Cattle as the commodity to see today's published coverage prices and premium for steers or heifers across endorsement lengths.

Estimator only — not an official quote. Confirm details with a USDA-approved crop insurance agent.