Antelope Flats Grain Co
Wade Cronin · Smith County, KS · Owen Speck · client since 2023
2026 calf crop Cow / Calf
129 calves at 5.55 cwt · 716 cwt total
Set the next rung on the ladder so the market has a standing order to hit.
By head rather than by pounds, which is what a producer means. 118 head is 91% of the weight, because the lots that went first were not average.
What is under the price
| Index | Head | Coverage | Premium | Net floor | Against cost | Ends |
|---|---|---|---|---|---|---|
| Feeder Cattle | 81 | $175.94 | $-1.88 | $174.06 | +$31.90 | Mar 27, 2027 34 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 Wade Cronin, 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 |
|---|---|---|---|---|---|
| $231.05 | 35 | +$88.89 $17,266 | Sold | Aug 25, 2026 61 days ago | Hit |
| $237.27 | 25 | +$95.11 $13,196 | Sold | Oct 25, 2026 today | Hit |
| $247.99 | 22 | +$105.83 $12,922 | Sold | Dec 25, 2026 in 61 days | Hit |
Resting in the market
| Head | Trigger | Away | Expires |
|---|---|---|---|
| 4 | $241.30 | $10.59 | Good til canceled |
Lots sold
| Date | Head | Weight | Price | Outlet |
|---|---|---|---|---|
| Jul 24, 2026 | 118 | 5.51 cwt | $241.42 | Superior Sale Barn ForwardNot shipped |
Pen, Jun placement Feedlot
1,830 head at 13.45 cwt · 24,614 cwt total
No forced sales. Look at LRP coverage to floor the 589 head still unsold, watch condition and cost of gain, and let the market come to you. Remember the floor is on the published index, not on what they bring at the barn.
By head rather than by pounds, which is what a producer means. 1,241 head is 66% of the weight, because the lots that went first were not average.
What is under the price
| Index | Head | Coverage | Premium | Net floor | Against cost | Ends |
|---|---|---|---|---|---|---|
| Fed Cattle | 1,171 | $134.51 | $-1.51 | $133.00 | -$55.77 Under cost | Jan 29, 2027 17 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 Wade Cronin, 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 |
|---|---|---|---|---|---|
| $196.40 | 466 | +$7.63 $47,802 | Sold | Aug 25, 2026 61 days ago | Hit |
| $196.40 | 444 | +$7.63 $45,546 | Sold | Oct 25, 2026 today | Hit |
| $196.40 | 457 | +$7.63 $46,879 | $16.27 | Dec 25, 2026 in 61 days | Working |
Resting in the market
| Head | Trigger | Away | Expires |
|---|---|---|---|
| 147 | $183.49 | $3.36 | Nov 1, 2026 7d |
Lots sold
| Date | Head | Weight | Price | Outlet |
|---|---|---|---|---|
| Jul 19, 2026 | 147 | 13.2 cwt | $181.29 | Great Plains Beef Cash |
| Jun 23, 2026 | 280 | 13.57 cwt | $188.54 estimate | Great Plains Beef Grid |
| Apr 14, 2026 | 814 | 12.94 cwt | $172.00 estimate | Great Plains Beef 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.