{"id":180,"date":"2013-06-11T00:31:22","date_gmt":"2013-06-11T00:31:22","guid":{"rendered":"http:\/\/www.optimalag.net\/sheepagriculture\/?p=180"},"modified":"2013-06-11T00:31:22","modified_gmt":"2013-06-11T00:31:22","slug":"lrp-lamb-market-report-10-june-2013","status":"publish","type":"post","link":"https:\/\/www.optimalag.net\/sheepagriculture\/marketing\/lrp-lamb-market-report-10-june-2013\/","title":{"rendered":"LRP-Lamb Market Report 17 June 2013"},"content":{"rendered":"

The LRP-Lamb price index ended the week at $110.42 per cwt. This is down $1.69 from last week’s index of $112.11.\n<\/p>\n

LRP-Lamb insurance price forecasts expiring June 14, 2013 were as follows:\n<\/p>\n

\n\n\n\n\n\n<\/colgroup>\n\n\n\n\n\n\n
\n

Date Offered<\/p>\n<\/td>\n

\n

Policy<\/p>\n<\/td>\n

\n

Expected Ending Value<\/p>\n<\/td>\n

\n

Actual % of Expected<\/p>\n<\/td>\n<\/tr>\n

\n

3\/18\/2013<\/p>\n<\/td>\n

\n

13-week<\/p>\n<\/td>\n

\n

$91.23<\/p>\n<\/td>\n

\n

121.0%<\/p>\n<\/td>\n<\/tr>\n

\n

1\/28\/2013<\/p>\n<\/td>\n

\n

20-week<\/p>\n<\/td>\n

\n

$103.58<\/p>\n<\/td>\n

\n

106.6%<\/p>\n<\/td>\n<\/tr>\n

\n

12\/17\/2012<\/p>\n<\/td>\n

\n

26-week<\/p>\n<\/td>\n

\n

$116.55<\/p>\n<\/td>\n

\n

94.7%<\/p>\n<\/td>\n<\/tr>\n

\n

9\/17\/2012<\/p>\n<\/td>\n

\n

39-week<\/p>\n<\/td>\n

\n

$161.85<\/p>\n<\/td>\n

\n

68.2%<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

The effective floor prices offered by LRP-Lamb coverage for expiring policies were as follows:<\/p>\n\n\n\n\n\n\n\n\n<\/colgroup>\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n

Effective Floor Price (Coverage Price \u2013 Premium)<\/p>\n<\/td>\n<\/tr>\n

\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n

(Premium per cwt.)<\/p>\n<\/td>\n<\/tr>\n

\n

Date Offered<\/p>\n<\/td>\n

\n

Policy<\/p>\n<\/td>\n

\n

Expected Ending Value<\/p>\n<\/td>\n

\n

95%<\/p>\n<\/td>\n

\n

90%<\/p>\n<\/td>\n

\n

85%<\/p>\n<\/td>\n

\n

80%<\/p>\n<\/td>\n<\/tr>\n

\n

3\/18\/2013<\/p>\n<\/td>\n

\n

13-week<\/p>\n<\/td>\n

\n

$91.23<\/p>\n<\/td>\n

\n

$84.529<\/p>\n<\/td>\n

\n

$81.308<\/p>\n<\/td>\n

\n

$77.296<\/p>\n<\/td>\n

\n

$72.910<\/p>\n<\/td>\n<\/tr>\n

\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n

(2.141)<\/p>\n<\/td>\n

\n

(0.802)<\/p>\n<\/td>\n

\n

(0.254)<\/p>\n<\/td>\n

\n

(0.070)<\/p>\n<\/td>\n<\/tr>\n

\n

1\/28\/2013<\/p>\n<\/td>\n

\n

20-week<\/p>\n<\/td>\n

\n

$103.58<\/p>\n<\/td>\n

\n

94.671<\/p>\n<\/td>\n

\n

91.448<\/p>\n<\/td>\n

\n

87.299<\/p>\n<\/td>\n

\n

82.585<\/p>\n<\/td>\n<\/tr>\n

\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n

(3.729)<\/p>\n<\/td>\n

\n

(1.772)<\/p>\n<\/td>\n

\n

(0.741)<\/p>\n<\/td>\n

\n

(0.275)<\/p>\n<\/td>\n<\/tr>\n

\n

12\/17\/2012<\/p>\n<\/td>\n

\n

26-week<\/p>\n<\/td>\n

\n

$116.55<\/p>\n<\/td>\n

\n

106.261<\/p>\n<\/td>\n

\n

102.524<\/p>\n<\/td>\n

\n

97.920<\/p>\n<\/td>\n

\n

92.730<\/p>\n<\/td>\n<\/tr>\n

\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n

(4.459)<\/p>\n<\/td>\n

\n

(2.376)<\/p>\n<\/td>\n

\n

(1.150)<\/p>\n<\/td>\n

\n

(0.510)<\/p>\n<\/td>\n<\/tr>\n

\n

9\/17\/2012<\/p>\n<\/td>\n

\n

39-week<\/p>\n<\/td>\n

\n

$161.85<\/p>\n<\/td>\n

\n

145.109<\/p>\n<\/td>\n

\n

140.339<\/p>\n<\/td>\n

\n

134.490<\/p>\n<\/td>\n

\n

127.797<\/p>\n<\/td>\n<\/tr>\n

\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n

(8.651)<\/p>\n<\/td>\n

\n

(5.321)<\/p>\n<\/td>\n

\n

(3.080)<\/p>\n<\/td>\n

\n

(1.683)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

The expiring 39-week policies provided an indemnity payment at all four of the offered coverage levels 95%, 90%, 85%, and 80% with the effective floor prices in effect and providing protection ranging from $34.689 per cwt. to $17.377 per cwt. after premium payment deductions.\n<\/p>\n

The expiring 26-week policy provided a small indemnity of $0.30 per cwt. at the 95% coverage level but not enough to cover the premium payment.\n<\/p>\n

\n\u00a0<\/p>\n

LRP-Lamb price insurance coverage offered on 17 June 2013 is as follows:\n<\/p>\n\n\n\n\n\n\n\n\n<\/colgroup>\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

Date Offered: 17 June 2013<\/strong><\/p>\n<\/td>\n

\n

Effective Floor Price (Coverage Price \u2013 Premium)<\/p>\n<\/td>\n<\/tr>\n

\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n

(Premium per cwt.)<\/p>\n<\/td>\n<\/tr>\n

\n

Policy<\/p>\n<\/td>\n

\n

End Date<\/p>\n<\/td>\n

\n

Expected Ending Value<\/p>\n<\/td>\n

\n

95%<\/p>\n<\/td>\n

\n

90%<\/p>\n<\/td>\n

\n

85%<\/p>\n<\/td>\n

\n

80%<\/p>\n<\/td>\n<\/tr>\n

\n

13-week<\/p>\n<\/td>\n

\n

9\/16\/2013<\/p>\n<\/td>\n

\n

$96.56<\/p>\n<\/td>\n

\n

$89.464<\/p>\n<\/td>\n

\n

$86.051<\/p>\n<\/td>\n

\n

$81.811<\/p>\n<\/td>\n

\n

$77.176<\/p>\n<\/td>\n<\/tr>\n

\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n

(2.266)<\/p>\n<\/td>\n

\n

(0.849)<\/p>\n<\/td>\n

\n

(0.269)<\/p>\n<\/td>\n

\n

(0.074)<\/p>\n<\/td>\n<\/tr>\n

\n

20-week<\/p>\n<\/td>\n

\n

11\/4\/2013<\/p>\n<\/td>\n

\n

$97.24<\/p>\n<\/td>\n

\n

88.879<\/p>\n<\/td>\n

\n

85.856<\/p>\n<\/td>\n

\n

81.696<\/p>\n<\/td>\n

\n

77.532<\/p>\n<\/td>\n<\/tr>\n

\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n

(3.501)<\/p>\n<\/td>\n

\n

(1.664)<\/p>\n<\/td>\n

\n

(0.696)<\/p>\n<\/td>\n

\n

(0.258)<\/p>\n<\/td>\n<\/tr>\n

\n

26-week<\/p>\n<\/td>\n

\n

12\/16\/2013<\/p>\n<\/td>\n

\n

$89.74<\/p>\n<\/td>\n

\n

81.817<\/p>\n<\/td>\n

\n

78.941<\/p>\n<\/td>\n

\n

75.394<\/p>\n<\/td>\n

\n

71.397<\/p>\n<\/td>\n<\/tr>\n

\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n

(3.433)<\/p>\n<\/td>\n

\n

(1.829)<\/p>\n<\/td>\n

\n

(0.886)<\/p>\n<\/td>\n

\n

(0.393)<\/p>\n<\/td>\n<\/tr>\n

\n

39-week<\/p>\n<\/td>\n

\n

3\/17\/2014<\/p>\n<\/td>\n

\n

$116.62<\/p>\n<\/td>\n

\n

104.557<\/p>\n<\/td>\n

\n

101.126<\/p>\n<\/td>\n

\n

96.910<\/p>\n<\/td>\n

\n

92.087<\/p>\n<\/td>\n<\/tr>\n

\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n

(6.233)<\/p>\n<\/td>\n

\n

(3.834)<\/p>\n<\/td>\n

\n

(2.220)<\/p>\n<\/td>\n

\n

(1.213)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\n\u00a0<\/p>\n

Expected Ending Value for 9\/16\/2013 is $96.56, up $4.83 from last week’s expected ending value for 9\/9\/2013.\n<\/p>\n

Expected Ending Value for 11\/4\/2013 is $97.24, up $7.18 from last week’s expected ending value for 10\/28\/2013.\n<\/p>\n

Expected Ending Value for 12\/16\/2013 is $89.74, up $8.32 from last week’s expected ending value for 12\/9\/2013.\n<\/p>\n

Expected Ending Value for 3\/17\/2014 is $116.62, up $6.16 from last week’s expected ending value for 3\/10\/2014.\n<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"

The LRP-Lamb price index ended the week at $110.42 per cwt. This is down $1.69 from last week’s index of $112.11. LRP-Lamb insurance price forecasts expiring June 14, 2013 were as follows: Date Offered Policy Expected Ending Value Actual % …<\/p>\n

LRP-Lamb Market Report 17 June 2013<\/span> Read More »<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-180","post","type-post","status-publish","format-standard","hentry","category-marketing"],"yoast_head":"\nLRP-Lamb Market Report 17 June 2013 - Sheep Agriculture<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.optimalag.net\/sheepagriculture\/marketing\/lrp-lamb-market-report-10-june-2013\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LRP-Lamb Market Report 17 June 2013 - Sheep Agriculture\" \/>\n<meta property=\"og:description\" content=\"The LRP-Lamb price index ended the week at $110.42 per cwt. This is down $1.69 from last week’s index of $112.11. 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This is down $1.69 from last week’s index of $112.11. 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