{"id":187,"date":"2013-06-24T23:25:59","date_gmt":"2013-06-24T23:25:59","guid":{"rendered":"http:\/\/www.optimalag.net\/sheepagriculture\/?p=187"},"modified":"2013-06-24T23:25:59","modified_gmt":"2013-06-24T23:25:59","slug":"lrp-lamb-market-report-24-june-2013","status":"publish","type":"post","link":"https:\/\/www.optimalag.net\/sheepagriculture\/marketing\/lrp-lamb-market-report-24-june-2013\/","title":{"rendered":"LRP-Lamb Market Report 24 June 2013"},"content":{"rendered":"

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.<\/p>\n

LRP-Lamb insurance price forecasts expiring June 21, 2013 were as follows:<\/p>\n

\n\n\n\n\n\n<\/colgroup>\n\n\n\n\n\n\n
Date Offered<\/td>\nPolicy<\/td>\nExpected Ending Value<\/td>\nActual % of Expected<\/td>\n<\/tr>\n
3\/25\/2013<\/td>\n13-week<\/td>\n$97.26<\/td>\n115.7%<\/td>\n<\/tr>\n
2\/4\/2013<\/td>\n20-week<\/td>\n$105.59<\/td>\n106.6%<\/td>\n<\/tr>\n
12\/24\/2012<\/td>\n26-week<\/td>\nN\/A<\/td>\nN\/A<\/td>\n<\/tr>\n
9\/24\/2012<\/td>\n39-week<\/td>\nN\/A<\/td>\nN\/A<\/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>\nEffective Floor Price (Coverage Price \u2013 Premium)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(Premium per cwt.)<\/td>\n<\/tr>\n
Date Offered<\/td>\nPolicy<\/td>\nExpected Ending Value<\/td>\n95%<\/td>\n90%<\/td>\n85%<\/td>\n80%<\/td>\n<\/tr>\n
3\/25\/2013<\/td>\n13-week<\/td>\n$97.26<\/td>\n$90.118<\/td>\n$86.675<\/td>\n$82.399<\/td>\n$77.735<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2.282)<\/td>\n(0.855)<\/td>\n(0.271)<\/td>\n(0.075)<\/td>\n<\/tr>\n
2\/4\/2013<\/td>\n20-week<\/td>\n$105.59<\/td>\n96.508<\/td>\n93.223<\/td>\n88.994<\/td>\n84.190<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3.802)<\/td>\n(1.807)<\/td>\n(0.756)<\/td>\n(0.280)<\/td>\n<\/tr>\n
12\/24\/2012<\/td>\n26-week<\/td>\nN\/A<\/td>\nN\/A<\/td>\nN\/A<\/td>\nN\/A<\/td>\nN\/A<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(N\/A)<\/td>\n(N\/A)<\/td>\n(N\/A)<\/td>\n(N\/A)<\/td>\n<\/tr>\n
9\/24\/2012<\/td>\n39-week<\/td>\nN\/A<\/td>\nN\/A<\/td>\nN\/A<\/td>\nN\/A<\/td>\nN\/A<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nN\/A<\/td>\nN\/A<\/td>\nN\/A<\/td>\nN\/A<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Neither the 13-week nor the 20-week expiring insurance coverage will pay any indemnity.<\/p>\n

The 26-week policy was not offered in December and the 39-week policy was not offered in September.<\/p>\n

\u00a0LRP-Lamb price insurance coverage offered on 24 June 2013 is 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
Date Offered: 24 June 2013<\/strong><\/td>\nEffective Floor Price (Coverage Price \u2013 Premium)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(Premium per cwt.)<\/td>\n<\/tr>\n
Policy<\/td>\nEnd Date<\/td>\nExpected Ending Value<\/td>\n95%<\/td>\n90%<\/td>\n85%<\/td>\n80%<\/td>\n<\/tr>\n
13-week<\/td>\n9\/23\/2013<\/td>\n$97.80<\/td>\n$90.615<\/td>\n$87.160<\/td>\n$82.857<\/td>\n$78.165<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2.295)<\/td>\n(0.860)<\/td>\n(0.273)<\/td>\n(0.075)<\/td>\n<\/tr>\n
20-week<\/td>\n11\/11\/2013<\/td>\n$95.09<\/td>\n86.916<\/td>\n83.953<\/td>\n80.149<\/td>\n75.817<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3.424)<\/td>\n(1.627)<\/td>\n(0.681)<\/td>\n(0.253)<\/td>\n<\/tr>\n
26-week<\/td>\n12\/23\/2013<\/td>\n$88.10<\/td>\n80.329<\/td>\n77.494<\/td>\n74.021<\/td>\n70.094<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3.371)<\/td>\n(1.796)<\/td>\n(0.869)<\/td>\n(0.386)<\/td>\n<\/tr>\n
39-week<\/td>\n3\/24\/2014<\/td>\n$118.11<\/td>\n105.888<\/td>\n102.417<\/td>\n98.142<\/td>\n93.262<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(6.312)<\/td>\n(3.883)<\/td>\n(2.248)<\/td>\n(1.228)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u00a0Expected 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.<\/p>\n

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.<\/p>\n

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.<\/p>\n

Expected Ending Value for 3\/24\/2014 is $118.11, up $1.49 from last week’s expected ending value for 3\/17\/2014.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 % …<\/p>\n

LRP-Lamb Market Report 24 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-187","post","type-post","status-publish","format-standard","hentry","category-marketing"],"yoast_head":"\nLRP-Lamb Market Report 24 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-24-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 24 June 2013 - Sheep Agriculture\" \/>\n<meta property=\"og:description\" content=\"The LRP-Lamb price index ended the week at $112.55 per cwt. 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