LRP (Livestock Risk Protection) has become a bigger part of the conversation in cattle country—especially when weather risk, grass availability, and market volatility all collide at the same time. In this episode of Bushels and Beef, livestock risk specialist Rich “Ricky” Knuppe (also a South Dakota cattle producer) talks through what he’s seeing on the ground during a wild spring across the Plains: drought conditions, major wildfire impacts, turnout and water concerns, and the tough decisions that follow.

The conversation connects those realities to risk
management planning—why some producers explore LRP coverage as a way to help manage downside price risk, how different operations think about protecting capital during high-priced cattle cycles, and what questions producers are asking during bull sale season and replacement decisions. This is a practical, producer-first discussion focused on education, planning, and understanding trade-offs—not predicting prices.

Topics in this episode:

• LRP (Livestock Risk Protection) explained in plain language (high-level)
• Drought, wildfire aftermath, grass availability, and turnout decisions
• Bull sale season insights and heifer-retention signals
• Managing risk when cattle prices are elevated and costs are real
• Producer mindset: planning for “what if” scenarios instead of reacting to headlines

Disclaimer

This video is for general education and market commentary only and is not individualized advice and is not a solicitation. Futures and options trading involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. Coverage availability, costs, and outcomes vary by operation and location—consult your advisors regarding decisions for your specific situation.