Silver Sage Farms

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

126k bu at 79% priced · 341 head at 95% sold

$1.3M under management

Call before pricingCosts are estimatesLast spoke in 6 days7 other findings(785) 555-3008

Position Plan Working Orders Sales Break-evens Livestock Coverage Recap

16 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

325 sold, 95% by head

Sold against pace

95%

Pace target 95% by head.

Head with no floor

Unsold, with no endorsement and no forward contract.

On the table

$6,490

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 planMarketable now

On pace: 95% sold, market $77.56/cwt over break-even

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

Cost of gain

$153.15

$801 a head. Estimated.

Market today

$230.71

Cow / Calf at the outlets this client uses.

Average sold

$236.92

+$83.77/cwt over cost on 325 head, so $140,474 banked.

Market over cost

+$77.56

$6,490 across the unsold head.

Sold against pace, by head95% of 95% target

By head rather than by pounds, which is what a producer means. 325 head is 94% of the weight, because the lots that went first were not average.

16 unsold16 with no floorWindow Oct 25, 2026 to Nov 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 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
$229.50	82	+$76.35 $32,741	Sold	Aug 25, 2026 61 days ago	Hit
$239.37	61	+$86.22 $27,505	Sold	Oct 25, 2026 today	Hit
$246.14	87	+$92.99 $42,309	Sold	Dec 25, 2026 in 61 days	Hit
$255.60	62	+$102.45 $33,219	Sold	Feb 25, 2027 in 4 months	Hit

Lots sold

Date	Head	Weight	Price	Outlet
Jul 29, 2026	325	5.16 cwt	$236.92	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.