11/10/2011

More LGM Capacity

Livestock Gross Margin (LGM) Plans of Insurance

WASHINGTON, Nov 10, 2011 - The Risk Management Agency announces that the next sales date for LGM is November 18, 2011. In particular, approximately $7 million in underwriting capacity is allocated to support LGM for Dairy Cattle for the Nov 18 sales period. This will bring the total to approximately $13.2 million for fiscal year 2012. Sales will begin no earlier than 5:30p.m. EST. Sales will begin on the half hour if information to determine the Expected Gross Margins is not available by 5:30p.m. EST. For instance, if the expected gross margins have not been released by 5:30p.m. EST, sales will begin at 6:00pm EST and so on.