{"id":230,"date":"2013-07-30T05:48:04","date_gmt":"2013-07-30T05:48:04","guid":{"rendered":"http:\/\/www.optimalag.net\/sheepagriculture\/?p=230"},"modified":"2013-07-30T05:48:04","modified_gmt":"2013-07-30T05:48:04","slug":"lrp-lamb-market-report-29-july-2013","status":"publish","type":"post","link":"https:\/\/www.optimalag.net\/sheepagriculture\/marketing\/lrp-lamb-market-report-29-july-2013\/","title":{"rendered":"LRP-Lamb Market Report 29 July 2013"},"content":{"rendered":"

The LRP-Lamb price index ended last week at $115.09 per cwt. This is up $0.58 from last week’s index of $114.51.<\/p>\n

LRP-Lamb insurance price forecasts expiring July 29, 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
4\/29\/2013<\/td>\n13-week<\/td>\n$96.50<\/td>\n119.3%<\/td>\n<\/tr>\n
3\/11\/2013<\/td>\n20-week<\/td>\n$99.41<\/td>\n115.8%<\/td>\n<\/tr>\n
1\/28\/2013<\/td>\n26-week<\/td>\n$103.76<\/td>\n110.9%<\/td>\n<\/tr>\n
10\/29\/2012<\/td>\n39-week<\/td>\n$128.10<\/td>\n89.8%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

The effective floor prices offered by LRP-Lamb coverage for policies expiring July 29, 2013 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
4\/29\/2013<\/td>\n13-week<\/td>\n$96.50<\/td>\n$89.416<\/td>\n$86.001<\/td>\n$81.751<\/td>\n$77.126<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2.264)<\/td>\n(0.849)<\/td>\n(0.269)<\/td>\n(0.074)<\/td>\n<\/tr>\n
3\/11\/2013<\/td>\n20-week<\/td>\n$99.41<\/td>\n90.861<\/td>\n87.769<\/td>\n83.789<\/td>\n79.266<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3.579)<\/td>\n(1.701)<\/td>\n(0.711)<\/td>\n(0.264)<\/td>\n<\/tr>\n
1\/28\/2013<\/td>\n26-week<\/td>\n$103.76<\/td>\n94.601<\/td>\n91.265<\/td>\n87.176<\/td>\n82.556<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3.969)<\/td>\n(2.115)<\/td>\n(1.024)<\/td>\n(0.454)<\/td>\n<\/tr>\n
10\/29\/2012<\/td>\n39-week<\/td>\n$128.10<\/td>\n114.853<\/td>\n111.078<\/td>\n106.442<\/td>\n101.148<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(6.847)<\/td>\n(4.212)<\/td>\n(2.438)<\/td>\n(1.332)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Only the 39-week expiring insurance coverage will pay any indemnity and it will pay an indemnity at the top two coverage levels, although just barely at the 90% coverage level. The net effective floor prices for the various coverage levels of the expiring 39-week contracts issuing an indemnity ranged from $114.85 per cwt. to $111.08 per cwt. meaning that neither one pays an indemnity large enough to cover the premium costs. Their up-front premium costs ranging from $6.85 per cwt. to $4.21 per cwt. The best a person could have done under all of these scenarios is to not insure. Of course, this is with the benefit of after-the-fact knowledge of the market price index turning out to be $115.09.<\/p>\n

LRP-Lamb price insurance coverage offered on 29 July 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: 29 July 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>\n10\/28\/2013<\/td>\n$102.21<\/td>\n$94.702<\/td>\n$91.091<\/td>\n$86.595<\/td>\nNo Offer<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2.398)<\/td>\n(0.899)<\/td>\n(0.285)<\/td>\n(0.000)<\/td>\n<\/tr>\n
20-week<\/td>\n12\/16\/2013<\/td>\n$98.08<\/td>\n89.648<\/td>\n86.592<\/td>\n82.688<\/td>\nNo Offer<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3.532)<\/td>\n(1.678)<\/td>\n(0.702)<\/td>\n(0.000)<\/td>\n<\/tr>\n
26-week<\/td>\n1\/27\/2014<\/td>\n$95.90<\/td>\n87.431<\/td>\n84.355<\/td>\n80.574<\/td>\n76.300<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3.669)<\/td>\n(1.955)<\/td>\n(0.946)<\/td>\n(0.420)<\/td>\n<\/tr>\n
39-week<\/td>\n4\/28\/2014<\/td>\n$130.61<\/td>\n117.099<\/td>\n113.256<\/td>\n108.534<\/td>\n103.132<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(6.981)<\/td>\n(4.294)<\/td>\n(2.486)<\/td>\n(1.358)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

The LRP-Lamb price index ended last week at $115.09 per cwt. This is up $0.58 from last week’s index of $114.51. LRP-Lamb insurance price forecasts expiring July 29, 2013 were as follows: Date Offered Policy Expected Ending Value Actual % …<\/p>\n

LRP-Lamb Market Report 29 July 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-230","post","type-post","status-publish","format-standard","hentry","category-marketing"],"yoast_head":"\nLRP-Lamb Market Report 29 July 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-29-july-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 29 July 2013 - Sheep Agriculture\" \/>\n<meta property=\"og:description\" content=\"The LRP-Lamb price index ended last week at $115.09 per cwt. 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