Spring Branch Family Farms

Curt Novak · Washington County, KS · Katie Rennick · client since 2026

131k bu at 58% priced · 443 head at 92% sold

$1.7M under management

Call before pricingCosts are estimatesLast spoke in 25 days9 other findings(785) 555-4870

Position Plan Working Orders Sales Break-evens Livestock Coverage Recap

Every unsold head on this account has either a floor or a contract behind it. That is the intended state for livestock, because there is no storing an animal while a bad market passes.

Head to market

443

408 sold, 92% by head

Sold against pace

92%

Pace target 95% by head.

Head with no floor

Unsold, with no endorsement and no forward contract.

On the table

$8,863

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

2026 calf crop Cow / Calf

443 calves at 5.25 cwt · 2,326 cwt total

On planMarketable now

On pace: 92% sold, market $48.23/cwt over break-even

Set the next rung on the ladder so the market has a standing order to hit.

Cost of gain

$182.48

$958 a head. Estimated.

Market today

$230.71

Cow / Calf at the outlets this client uses.

Average sold

$223.92

+$41.44/cwt over cost on 408 head, so $86,638 banked.

Market over cost

+$48.23

$8,863 across the unsold head.

Sold against pace, by head92% of 95% target

By head rather than by pounds, which is what a producer means. 408 head is 90% of the weight, because the lots that went first were not average.

35 unsold206 sold, not shipped6 restingWindow Oct 25, 2026 to Nov 25, 2026

What is under the price

Index	Head	Coverage	Premium	Net floor	Against cost	Ends
Feeder Cattle	187	$205.66	$-3.83	$201.83	+$19.35	Feb 9, 2027 21 week endorsement

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 Curt Novak, 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
$229.93	90	+$47.45 $22,422	Sold	Aug 25, 2026 61 days ago	Hit
$239.88	121	+$57.40 $36,466	Sold	Oct 25, 2026 today	Hit
$246.97	100	+$64.49 $33,859	Sold	Dec 25, 2026 in 61 days	Hit

Resting in the market

Head	Trigger	Away	Expires
6	$242.52	$11.81	Good til canceled

Lots sold

Date	Head	Weight	Price	Outlet
Aug 11, 2026	206	5.06 cwt	$223.90	Superior Sale Barn CashNot shipped
May 30, 2026	202	5.19 cwt	$223.93	Heartland Video Auction Cash

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.