LRP-Lamb Market Report 24 June 2013

The LRP-Lamb price index ended the week at $112.55 per cwt. This is up $2.13 from last week’s index of $110.42.

LRP-Lamb insurance price forecasts expiring June 21, 2013 were as follows:

Date Offered Policy Expected Ending Value Actual % of Expected
3/25/2013 13-week $97.26 115.7%
2/4/2013 20-week $105.59 106.6%
12/24/2012 26-week N/A N/A
9/24/2012 39-week N/A N/A

The effective floor prices offered by LRP-Lamb coverage for expiring policies were as follows:

      Effective Floor Price (Coverage Price – Premium)
      (Premium per cwt.)
Date Offered Policy Expected Ending Value 95% 90% 85% 80%
3/25/2013 13-week $97.26 $90.118 $86.675 $82.399 $77.735
      (2.282) (0.855) (0.271) (0.075)
2/4/2013 20-week $105.59 96.508 93.223 88.994 84.190
      (3.802) (1.807) (0.756) (0.280)
12/24/2012 26-week N/A N/A N/A N/A N/A
      (N/A) (N/A) (N/A) (N/A)
9/24/2012 39-week N/A N/A N/A N/A N/A
      N/A N/A N/A N/A

Neither the 13-week nor the 20-week expiring insurance coverage will pay any indemnity.

The 26-week policy was not offered in December and the 39-week policy was not offered in September.

 LRP-Lamb price insurance coverage offered on 24 June 2013 is as follows:

Date Offered: 24 June 2013 Effective Floor Price (Coverage Price – Premium)
      (Premium per cwt.)
Policy End Date Expected Ending Value 95% 90% 85% 80%
13-week 9/23/2013 $97.80 $90.615 $87.160 $82.857 $78.165
      (2.295) (0.860) (0.273) (0.075)
20-week 11/11/2013 $95.09 86.916 83.953 80.149 75.817
      (3.424) (1.627) (0.681) (0.253)
26-week 12/23/2013 $88.10 80.329 77.494 74.021 70.094
      (3.371) (1.796) (0.869) (0.386)
39-week 3/24/2014 $118.11 105.888 102.417 98.142 93.262
      (6.312) (3.883) (2.248) (1.228)

 Expected Ending Value for 9/23/2013 is $97.80, up $1.24 from last week’s expected ending value for 9/16/2013. It is up $7.49 from the $90.31 expected ending value for 9/23/2013 offered on 5/6/2013 20-week insurance policies. It is up $1.13 from the $96.67 expected ending value for 9/23/2013 offered on 3/25/2013 26-week insurance policies.

Expected Ending Value for 11/11/2013 is $95.09, down $2.15 from last week’s expected ending value for 11/4/2013. However, it is up $17.82 from the $77.27 expected ending value for 11/11/2013 offered on 5/13/2013 26-week insurance policies. On the other hand, it is down $9.72 from the $104.81 expected ending value for 11/11/2013 offered on 2/11/2013 39-week insurance policies.

Expected Ending Value for 12/23/2013 is $88.10, down $1.64 from last week’s expected ending value for 12/16/2013. It is also down $15.63 from the $103.73 expected ending value for 12/23/2013 offered on 3/25/2013 39-week insurance policies.

Expected Ending Value for 3/24/2014 is $118.11, up $1.49 from last week’s expected ending value for 3/17/2014.

Share on LinkedInShare on FacebookShare on Google+Tweet about this on TwitterEmail this to someone
Posted in Marketing

Leave a Reply

Your email address will not be published. Required fields are marked *

*