Boxelder Grain Co

Grant Rasmussen · Clay County, KS · Wes Tolliver · client since 2017

71k bu at 64% priced · 1,390 head at 36% sold

$3.7M under management

Call before pricingCosts from their booksLast spoke in 4 months1 critical7 other findings(785) 555-8543

Position Plan Working Orders Sales Break-evens Livestock Coverage Recap

883 head has no floor under it. Whether that matters depends on the margin: with the market well over cost of gain it is a risk the desk can live with, and with the market near cost it is the finding that outranks everything else on this page.

Head to market

1,390

507 sold, 36% by head

Sold against pace

36%

Pace target 80% by head.

Head with no floor

883

Unsold, with no endorsement and no forward contract.

On the table

—

Margin over cost of gain in the unsold head, at today's market.

Pen, Jun placement Feedlot

1,390 head at 13.18 cwt · 18,320 cwt total

Needs a callReady in 31 days

883 head has no floor under it with the market at $180.13/cwt

Break-even is $184.52, so there is no margin to give up and nowhere to put these animals while the market recovers. An LRP endorsement floors the index price for a known premium and carries no margin call. It floors the INDEX rather than the sale barn, so the basis between the two stays with the cattle.

Cost of gain

$184.52

$2,432 a head. From their books, Oct 25, 2026.

Market today

$180.13

Feedlot at the outlets this client uses.

Average sold

$187.24

+$2.72/cwt over cost on 507 head, so $17,708 banked.

Market over cost

-$4.39

The market is not paying what these animals cost.

Sold against pace, by head36% of 80% target

By head rather than by pounds, which is what a producer means. 507 head is 36% of the weight, because the lots that went first were not average.

883 unsold883 with no floor507 on a grid, not settledWindow Nov 25, 2026 to Dec 25, 2026

What is under the price

No LRP endorsement on this group. With grain the fallback is a bin; here there is none, so an unsold head with no floor is exposed to whatever the market does between now and the day it has to move.

The net floor is the coverage price less the premium, because a $6.50 premium on a $240.00 coverage price is a $233.50 floor. And LRP settles on RMA's published index rather than on what these animals bring at the barn: the basis between the two stays with Grant Rasmussen, so this is not a guaranteed sale price and should never be described as one.

The ladder

Price	Head	Over cost	Away	Sell by	State
$191.90	402	+$7.38 $39,091	Sold	Aug 25, 2026 61 days ago	Hit
$191.90	238	+$7.38 $23,144	$11.77	Oct 25, 2026 today	Due soon
$193.56	290	+$9.04 $34,545	$13.43	Dec 25, 2026 in 61 days	Working

Lots sold

Date	Head	Weight	Price	Outlet
Aug 14, 2026	507	12.85 cwt	$187.24 estimate	Nebraska Beef Processors Grid

A grid lot's price is an estimate until the carcass data comes back, in the same way an HTA with the basis open is on the grain side. Both mean the average on the client's statement moves after the fact.