| Swine | Fed Cattle | Feeder Cattle | |
|---|---|---|---|
Market |
Marketed for slaughter | Marketed for slaughter | Marketed for finishing |
Insured animal |
Swine that producers expect to have and to market within a range of 1.5 to 2.25 lean cwt (203-304 live cwt) | Fed Cattle steers and heifers that producers expect to grade select or higher*, yield grade of 1 to 3**, and to market at 10 to 14 cwt (live weight) | Feeder Cattle steers that producers expect to have and to market within a range of 6.5 to 9.0 cwt (live weight)>> > predominantly dairy and Brahma breeds are not covered |
Availability |
IA | IL, IA, NE | CO, IA, KS, NE, NV, OK, SD, TX, UT, WY |
Max. head insurable |
10,000/SCE 32,000/CY | 2,000/SCE4,000/CY | 1,000/SCE2,000/CY |
Insurance period |
13, 17, 21, 26-week | 13, 17, 21, 26, 30, 34, 39, 43, 47, 52-week | 21, 26, 30, 34, 39, 43, 47, 52-week |
Coverage level |
70-95% | 70-95% | 70-95% |
Actual ending value |
AMS Negotiated and Swine or Pork Market Formula categories | AMS 5 Area Weekly Weighted Average Direct Slaughter Cattle—Live Basis Sales, Steers, “35-65% Choice” | CME Feeder Cattle Reported Index |
Coverage |
Price decline | Price decline | Price decline |
Subsidy |
13% | 13% | 13% |
*Quality grades indicate expected palatability or eating satisfaction of the meat. USDA beef quality grades are Prime, Choice, Select, Standard, Commercial, Utility, Cutter and Canner.
**Yield grades identify the "quantity" or "cutability" differences among carcasses. Yield grades are 1, 2, 3, 4 and 5, and are a numerical representation of the expected percentage of closely trimmed, boneless retail cuts from the round, loin, rib and chuck.
SCE=Specific Coverage Endorsement
CY=Crop Year