Silver Sage Farms

Elaine Iverson · Webster County, NE · Katie Rennick · client since 2024

126k bu at 76% priced · 341 head at 65% sold

$1.4M under management

Call before pricingCosts are estimatesLast spoke in 21 days3 other findings(785) 555-3008

Position Plan Working Orders Sales Break-evens Livestock Recap

118 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

341

223 sold, 65% by head

Sold against pace

65%

Pace target 65% by head.

Head with no floor

118

Unsold, with no endorsement and no forward contract.

On the table

$57,416

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

2026 calf crop Cow / Calf

341 calves at 5.23 cwt · 1,783 cwt total

On planReady in 46 days

On pace: 65% sold, market $93.04/cwt over break-even

The next rung is 87 head at $262.65/cwt by 2026-10-09. Let the market come to it.

Cost of gain

$153.15

$801 a head. Estimated.

Market today

$246.19

Cow / Calf at the outlets this client uses.

Average sold

$252.82

+$99.67/cwt over cost on 223 head, so $114,683 banked.

Market over cost

+$93.04

$57,416 across the unsold head.

Sold against pace, by head65% of 65% target

By head rather than by pounds, which is what a producer means. 223 head is 65% of the weight, because the lots that went first were not average.

118 unsold118 with no floorWindow Oct 9, 2026 to Nov 9, 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 Elaine Iverson, 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
$244.90	82	+$91.75 $39,346	Sold	Jun 9, 2026 2 months ago	Hit
$255.43	61	+$102.28 $32,629	Sold	Aug 9, 2026 15 days ago	Hit
$262.65	87	+$109.50 $49,821	$16.46	Oct 9, 2026 in 46 days	Working
$272.75	62	+$119.60 $38,780	$26.56	Dec 9, 2026 in 4 months	Working

Lots sold

Date	Head	Weight	Price	Outlet
May 13, 2026	223	5.16 cwt	$252.82	Belleville Livestock Sales Forward

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.