LGM-Finishing Feeder Pigs - Final Margins - August 11, 2022

LGM Swine May 26 2022

LGM-Swine is an insurance product to protect from falling hog prices and rising feed costs.

LGM-Swine is crop insurance coverage for market hogs. It is supported and underwritten by USDA/RMA.

There are no limits to the number of hogs covered.

Premiums are due at the end of the coverage period.

Premiums are subsidized from 18% to 50%.

Expected prices and ending prices are calculated using 3-day averages of CME/CBOT futures prices.

You do not pay any fees or commissions. RMA pays the agent.

You must purchase coverage in two months to get a subsidized premium. It can be a large number of hogs in one month and a small number in the second month.

LGM Swine Premium, LRP Swine Premiums & Summary