{"id":267,"date":"2013-08-20T17:03:38","date_gmt":"2013-08-20T17:03:38","guid":{"rendered":"http:\/\/www.optimalag.net\/sheepagriculture\/?p=267"},"modified":"2013-08-20T17:03:38","modified_gmt":"2013-08-20T17:03:38","slug":"lrp-lamb-market-report-19-august-2013","status":"publish","type":"post","link":"https:\/\/www.optimalag.net\/sheepagriculture\/marketing\/lrp-lamb-market-report-19-august-2013\/","title":{"rendered":"LRP-Lamb Market Report 19 August 2013"},"content":{"rendered":"

The LRP-Lamb price index ended last week at $115.67 per cwt. This is down $0.87 from last week’s index of $116.54.<\/p>\n

LRP-Lamb insurance price forecasts expiring August 19, 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
5\/20\/2013<\/td>\n13-week<\/td>\n$92.75<\/td>\n124.7%<\/td>\n<\/tr>\n
4\/1\/2013<\/td>\n20-week<\/td>\n$94.67<\/td>\n122.2%<\/td>\n<\/tr>\n
2\/18\/2013<\/td>\n26-week<\/td>\n$91.60<\/td>\n126.3%<\/td>\n<\/tr>\n
11\/19\/2012<\/td>\n39-week<\/td>\n$130.83<\/td>\n88.4%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

The effective floor prices offered by LRP-Lamb coverage for policies expiring August 19, 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
5\/20\/2013<\/td>\n13-week<\/td>\n$92.75<\/td>\n$85.934<\/td>\n$82.664<\/td>\n$78.581<\/td>\n$74.129<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2.176)<\/td>\n(0.816)<\/td>\n(0.259)<\/td>\n(0.071)<\/td>\n<\/tr>\n
4\/1\/2013<\/td>\n20-week<\/td>\n$94.67<\/td>\n86.531<\/td>\n83.58<\/td>\n79.792<\/td>\n75.489<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3.409)<\/td>\n(1.620)<\/td>\n(0.678)<\/td>\n(0.251)<\/td>\n<\/tr>\n
2\/18\/2013<\/td>\n26-week<\/td>\n$91.60<\/td>\n83.516<\/td>\n80.573<\/td>\n76.956<\/td>\n72.879<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3.504)<\/td>\n(1.867)<\/td>\n(0.904)<\/td>\n(0.401)<\/td>\n<\/tr>\n
11\/19\/2012<\/td>\n39-week<\/td>\n$130.83<\/td>\n117.297<\/td>\n113.449<\/td>\n108.72<\/td>\n103.299<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(6.993)<\/td>\n(4.301)<\/td>\n(2.49)<\/td>\n(1.361)<\/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. The net effective floor prices for the various coverage levels of the expiring 39-week contracts issuing an indemnity ranged from $117.30 per cwt. to $113.45 per cwt. Only the 95% coverage level paid an indemnity large enough to cover the premium costs. The up-front premium costs ranged from $6.99 per cwt. to $4.30 per cwt. After the fact, the best a person could have done was to insure at the 95% coverage level on November 19, 2012.<\/p>\n

 <\/p>\n

LRP-Lamb price insurance coverage offered on 19 August 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: 19 August 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>\n11\/18\/2013<\/td>\n$99.86<\/td>\n$92.537<\/td>\n$88.992<\/td>\n$84.602<\/td>\n$79.813<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2.343)<\/td>\n(0.878)<\/td>\n(0.278)<\/td>\n(0.077)<\/td>\n<\/tr>\n
20-week<\/td>\n1\/6\/2014<\/td>\n$97.32<\/td>\n88.946<\/td>\n85.925<\/td>\n82.023<\/td>\n77.602<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3.504)<\/td>\n(1.665)<\/td>\n(0.697)<\/td>\n(0.258)<\/td>\n<\/tr>\n
26-week<\/td>\n2\/17\/2014<\/td>\n$97.84<\/td>\n89.207<\/td>\n86.065<\/td>\n82.195<\/td>\n77.842<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3.743)<\/td>\n(1.995)<\/td>\n(0.965)<\/td>\n(0.428)<\/td>\n<\/tr>\n
39-week<\/td>\n5\/19\/2014<\/td>\n$128.50<\/td>\n115.202<\/td>\n111.425<\/td>\n106.775<\/td>\n101.464<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(6.868)<\/td>\n(4.225)<\/td>\n(2.445)<\/td>\n(1.336)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Compared to last week, the 13-week expected ending value is up $6.59 per cwt., the 20-week expected ending value is up $12.14, the 26-week expected ending value is up $12.11, and the 39-week expected ending value is up $10.93.<\/p>\n

The expected ending value for 11\/18\/2013 is up $3.33 per cwt. compared to the 20-week expected ending value posted on July 1. It is UP $18.85 per cwt. compared to the 26-week expected ending value posted on May 20. It is up $3.68 per cwt. compared to the 39-week expected ending value posted on February 18. So, this is the best offering to date for the 11\/18\/2013 expected ending value.<\/p>\n

The expected ending value for 1\/6\/2014 is down $8.98 per cwt. compared to the 39-week expected ending value posted on April 8.<\/p>\n

The expected ending value for 2\/17\/2014 is down $10.01 per cwt. compared to the 39-week expected ending value posted on May 20.<\/p>\n","protected":false},"excerpt":{"rendered":"

The LRP-Lamb price index ended last week at $115.67 per cwt. This is down $0.87 from last week’s index of $116.54. LRP-Lamb insurance price forecasts expiring August 19, 2013 were as follows: Date Offered Policy Expected Ending Value Actual % …<\/p>\n

LRP-Lamb Market Report 19 August 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-267","post","type-post","status-publish","format-standard","hentry","category-marketing"],"yoast_head":"\nLRP-Lamb Market Report 19 August 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-19-august-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 19 August 2013 - Sheep Agriculture\" \/>\n<meta property=\"og:description\" content=\"The LRP-Lamb price index ended last week at $115.67 per cwt. 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