When we let ourselves focus on outside influences we are succumbing to defeatism. The better approach is to focus on those things you can control: you versus you.
Imports and exports [both product and cattle] create value and provide opportunity for all trading partners, thereby underpinning the reason international trade exists. A review of data confirming the value of trade.
There remains a lot of noise around the issue of LRPs in the cattle markets. That was best described by one of my readers last week: “[most of the critics] don’t even understand the facts, let alone the myths.”
Following up on a recent column, Nevil Speer reports on the advice from a seasoned grain analyst: Three things that you should do for success in 2024, plus, four things NOT to do. Remember, it’s “you versus you.”
The most important thing largely revolves around our perspective, and subsequent management, of risk (or lack thereof). Eleven essential tips for risk management.
LRP insurance is straightforward, versatile, and makes risk management readily accessible to producers. And that’s more important than ever; record prices translate to heightened equity risk.
LRPs and options are essential risk management tools, but coffee shop talk suggests LRPs are driving the cash market lower. Let’s examine the data to keep the discussion measured and objective.
Some blame the recent rout in the futures markets on LRP (Livestock Revenue Protection), a claim that is wholly unsubstantiated. A look at the data confirms LRP blame really is a smoke monster.
