On February 24th, the Ohio State University Extension Beef Team hosted the 2021 Ohio Cattle Feeding School via zoom. With the recent volatility in the fed and feeder cattle markets, risk management for livestock producers is of increasing importance. Knowing that, the first portion of the Cattle Feeding School focused on utilizing Livestock Risk Protection, or LRP, and Livestock Gross Margin, also known as LGM insurance, as tools to manage price and income risk. Here, OSU Extension Beef Field Specialist Garth Ruff introduces Erin Horst and Justin White of Hudson Crop Insurance as they discuss utilizing LRP and LGM products to manage the price risk cattlemen find themselves exposed to.
