LRP Rates — Live USDA Quotes
LRP rates are the per-cwt premium percentages USDA publishes each evening for every commodity, class, region, endorsement length, and coverage level. They drive the gross premium on every Livestock Risk Protection endorsement. This page explains what those rates mean and how to read them — then jump to the live LRP Calculator to get today's actual quote for your herd.
How LRP Rates Are Set
The USDA Risk Management Agency (RMA) publishes LRP rates each weeknight (Sunday through Thursday). Rates are derived from CME futures volatility — Feeder Cattle futures for feeder classes, Live Cattle futures for fed cattle — for the contract month closest to your endorsement end date. Higher futures volatility means a higher premium rate.
Rate vs. Coverage Price
- Coverage Price ($/cwt) — the price floor RMA guarantees for your endorsement. Set by the futures price × a Price Adjustment Factor for your class and region.
- Rate (%) — the percentage of total liability charged as gross premium. Varies by coverage level (70%–100%) and endorsement length (13–52 weeks).
- Cost per cwt ($/cwt) — Coverage Price × Rate. The gross premium per cwt before subsidy.
Federal Subsidy Schedule
USDA subsidizes a portion of every LRP premium. The subsidy rate depends on the coverage level you choose:
- 95.00–100.00% coverage → 35% subsidy
- 90.00–94.99% → 40% subsidy
- 85.00–89.99% → 45% subsidy
- 80.00–84.99% → 50% subsidy
- 70.00–79.99% → 55% subsidy
BFR producers add 10–15% on top of the base subsidy; VFR producers add 10%.
Get Today's Live Rates
Rates change every business day. Use the LRP Calculator to pull the current published rates and see what your producer premium would be tonight.
Estimator only — not an official quote. Final premiums must be obtained from a USDA-approved crop insurance agent.