LRP Rates Today — Live USDA Premium Rates
LRP rates are the coverage prices and premium percentages USDA publishes each weeknight for every commodity, class, region, endorsement length, and coverage level. Below are today's LRP rates straight from the USDA Risk Management Agency, followed by a plain-language guide to reading them. For your own herd, run the LRP Calculator.
Today's Published LRP Ratesas of 09/15/2026
Published by USDA RMA for effective date 09/15/2026 · Kansas region · 95% coverage level (nearest published). Numbers below are live from the RMA Livestock Reports and change every weeknight.
Feeder Steers, Weight 2 (6–9 cwt)
| Endorsement | End Date | Coverage Price ($/cwt) | Rate (%) | Cost ($/cwt) | Producer Cost ($/cwt) |
|---|---|---|---|---|---|
| 13 wk | 12/15/2026 | $307.81 | 2.183% | $6.72 | $4.37 |
| 17 wk | 01/12/2027 | $305.18 | 2.634% | $8.04 | $5.22 |
| 21 wk | 02/09/2027 | $303.41 | 3.395% | $10.30 | $6.70 |
| 26 wk | 03/16/2027 | $301.29 | 3.818% | $11.50 | $7.48 |
| 30 wk | 04/13/2027 | $301.25 | 4.433% | $13.36 | $8.68 |
| 34 wk | 05/11/2027 | $313.40 | 6.669% | $20.90 | $13.59 |
Feeder Heifers, Weight 2 (6–9 cwt)
| Endorsement | End Date | Coverage Price ($/cwt) | Rate (%) | Cost ($/cwt) | Producer Cost ($/cwt) |
|---|---|---|---|---|---|
| 13 wk | 12/15/2026 | $277.03 | 2.183% | $6.05 | $3.93 |
| 17 wk | 01/12/2027 | $274.66 | 2.634% | $7.23 | $4.70 |
| 21 wk | 02/09/2027 | $273.07 | 3.395% | $9.27 | $6.03 |
| 26 wk | 03/16/2027 | $271.16 | 3.818% | $10.35 | $6.73 |
| 30 wk | 04/13/2027 | $271.13 | 4.433% | $12.02 | $7.81 |
| 34 wk | 05/11/2027 | $282.06 | 6.669% | $18.81 | $12.23 |
Fed Cattle, Steers
| Endorsement | End Date | Coverage Price ($/cwt) | Rate (%) | Cost ($/cwt) | Producer Cost ($/cwt) |
|---|---|---|---|---|---|
| 13 wk | 12/15/2026 | $212.20 | 2.000% | $4.24 | $2.76 |
| 17 wk | 01/12/2027 | $213.49 | 2.416% | $5.16 | $3.35 |
| 21 wk | 02/09/2027 | $213.47 | 2.814% | $6.01 | $3.91 |
| 26 wk | 03/16/2027 | $219.40 | 3.179% | $6.98 | $4.53 |
| 30 wk | 04/13/2027 | $220.33 | 3.719% | $8.19 | $5.33 |
| 34 wk | 05/11/2027 | $231.70 | 5.714% | $13.24 | $8.61 |
Producer cost shown reflects the federal subsidy at the coverage level listed, before any BFR/VFR bonus. Your state, class, weight and coverage level change these numbers — run your own herd through the LRP Calculator.
How LRP Rates Are Set
The USDA Risk Management Agency (RMA) publishes LRP rates each weeknight (Sunday through Thursday). Rates are derived from CME futures volatility — Feeder Cattle futures for feeder classes, Live Cattle futures for fed cattle — for the contract month closest to your endorsement end date. Higher futures volatility means a higher premium rate.
Rate vs. Coverage Price
- Coverage Price ($/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%.
Reading an LRP Rate Sheet
RMA publishes one row per combination of class, region, endorsement length, and coverage level. Each row carries the coverage price, the rate, and the cost per cwt. The LRP Calculator reads the full sheet and pulls the row that matches your inputs, plus the matching subsidy from the schedule above.
Get Tonight's Live Rates
Rates change every business day. Use the LRP Calculator to pull tonight's published rates for your state and class and see your producer premium before the 8:25 a.m. Central deadline. To understand what those numbers cost you per head, see LRP prices, or read the LRP insurance overview. For definitions see the LRP Glossary.
LRP Rates FAQ
What are today's LRP rates?
Today's LRP rates are the premium percentages and coverage prices USDA RMA published on its most recent business evening. This page shows tonight's published coverage price, premium rate, and producer cost per cwt for Feeder Steers, Feeder Heifers, and Fed Cattle at the 95% coverage level, refreshed every weeknight.
What are LRP rates?
LRP rates are the per-cwt premium percentages USDA RMA publishes each evening for every commodity, class, region, endorsement length, and coverage level. The rate multiplied by total liability gives gross premium, before the federal subsidy.
How often do LRP rates change?
Every weeknight (Sunday through Thursday). Rates move with CME futures volatility — Feeder Cattle futures drive feeder rates, Live Cattle futures drive fed-cattle rates. Rates published tonight are valid for sales until 8:25 a.m. Central tomorrow.
Why are LRP rates higher for longer endorsements?
Longer endorsements price in more time-to-expiration risk. A 52-week rate is meaningfully higher than a 13-week rate at the same coverage level because there is more time for prices to move against the floor.
Estimator only — not an official quote. Final premiums must be obtained from a USDA-approved crop insurance agent.