Rock Creek Ranch
Kirby Boone · Republic County, KS · Wes Tolliver · client since 2021
2026 calf crop Cow / Calf
265 calves at 5.25 cwt · 1,391 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. 257 head is 97% 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 | 119 | $234.03 | $-7.42 | $226.61 | +$76.32 | Aug 20, 2027 47 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 Kirby Boone, 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 |
|---|---|---|---|---|---|
| $228.97 | 79 | +$78.68 $32,634 | Sold | Aug 25, 2026 61 days ago | Hit |
| $236.82 | 57 | +$86.53 $25,895 | Sold | Oct 25, 2026 today | Hit |
Lots sold
| Date | Head | Weight | Price | Outlet |
|---|---|---|---|---|
| Aug 3, 2026 | 60 | 5.37 cwt | $229.11 | Superior Sale Barn Cash |
| Jun 19, 2026 | 81 | 5.37 cwt | $234.67 | Heartland Video Auction Forward |
| May 5, 2026 | 116 | 5.07 cwt | $229.36 | Heartland Video Auction Cash |
Pen, Apr placement Feedlot
1,575 head at 13.22 cwt · 20,822 cwt total
The plan sells this lot on the calendar rather than the market, so cattle do not ride past condition and weight. Today's market is $180.13/cwt against a $194.25 break-even.
436 head at $180.13 banks -$81,393 over cost of gain.
By head rather than by pounds, which is what a producer means. 146 head is 9% 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 | 677 | $160.78 | $-3.68 | $157.10 | -$37.15 Under cost | Jan 5, 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 Kirby Boone, 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 |
|---|---|---|---|---|---|
| $202.02 | 436 | +$7.77 $44,779 | $21.89 | Aug 25, 2026 61 days ago | Time stop passed |
| $202.02 | 269 | +$7.77 $27,627 | $21.89 | Oct 25, 2026 today | Due soon |
| $202.02 | 309 | +$7.77 $31,736 | $21.89 | Dec 25, 2026 in 61 days | Working |
Resting in the market
| Head | Trigger | Away | Expires |
|---|---|---|---|
| 510 | $187.23 | $7.10 | Nov 5, 2026 11d |
Lots sold
| Date | Head | Weight | Price | Outlet |
|---|---|---|---|---|
| Aug 2, 2026 | 63 | 13.74 cwt | $186.41 | Great Plains Beef Cash |
| Jul 4, 2026 | 83 | 12.75 cwt | $176.30 estimate | Great Plains Beef GridNot shipped |
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.