Spring Branch Family Farms

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

131k bu at 55% priced · 443 head at 62% sold

$1.8M under management

Call before pricingCosts are estimatesLast spoke in 40 days1 critical7 other findings(785) 555-4870

Position Plan Working Orders Sales Break-evens Livestock 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

275 sold, 62% by head

Sold against pace

62%

Pace target 65% by head.

Head with no floor

Unsold, with no endorsement and no forward contract.

On the table

$56,196

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 planReady in 46 days

On pace: 62% sold, market $63.71/cwt over break-even

The next rung is 100 head at $263.54/cwt by 2026-10-09. Let the market come to it.

Cost of gain

$182.48

$958 a head. Estimated.

Market today

$246.19

Cow / Calf at the outlets this client uses.

Average sold

$238.95

+$56.47/cwt over cost on 275 head, so $79,575 banked.

Market over cost

+$63.71

$56,196 across the unsold head.

Sold against pace, by head62% of 65% target

By head rather than by pounds, which is what a producer means. 275 head is 61% of the weight, because the lots that went first were not average.

168 unsold139 sold, not shipped27 restingWindow Oct 9, 2026 to Nov 9, 2026

What is under the price

Index	Head	Coverage	Premium	Net floor	Against cost	Ends
Feeder Cattle	187	$219.46	$-4.08	$215.38	+$32.90	Nov 24, 2026 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
$245.36	90	+$62.88 $29,713	Sold	Jun 9, 2026 2 months ago	Hit
$255.97	121	+$73.49 $46,687	Sold	Aug 9, 2026 15 days ago	Hit
$263.54	100	+$81.06 $42,559	$17.35	Oct 9, 2026 in 46 days	Working

Resting in the market

Head	Trigger	Away	Expires
27	$258.79	$12.60	Good til canceled

Lots sold

Date	Head	Weight	Price	Outlet
May 26, 2026	139	5.06 cwt	$238.93	Superior Sale Barn CashNot shipped
Mar 14, 2026	136	5.19 cwt	$238.96	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.