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. 178 head is 67% 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 | $249.73 | $-7.92 | $241.81 | +$91.52 | Jun 4, 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 |
|---|---|---|---|---|---|
| $244.34 | 79 | +$94.05 $39,009 | Sold | Jun 9, 2026 2 months ago | Hit |
| $252.71 | 57 | +$102.42 $30,650 | Sold | Aug 9, 2026 15 days ago | Hit |
Lots sold
| Date | Head | Weight | Price | Outlet |
|---|---|---|---|---|
| May 18, 2026 | 41 | 5.37 cwt | $244.48 | Superior Sale Barn Cash |
| Apr 3, 2026 | 56 | 5.37 cwt | $250.42 | Heartland Video Auction Forward |
| Feb 17, 2026 | 81 | 5.07 cwt | $244.75 | Heartland Video Auction Cash |
Pen, Feb 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 $182.00/cwt against a $194.25 break-even.
436 head at $182.00 banks -$70,615 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 | $162.44 | $-3.72 | $158.72 | -$35.53 Under cost | Oct 20, 2026 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 | $20.02 | Jun 9, 2026 2 months ago | Time stop passed |
| $202.02 | 269 | +$7.77 $27,627 | $20.02 | Aug 9, 2026 15 days ago | Time stop passed |
| $202.02 | 309 | +$7.77 $31,736 | $20.02 | Oct 9, 2026 in 46 days | Working |
Resting in the market
| Head | Trigger | Away | Expires |
|---|---|---|---|
| 510 | $189.17 | $7.17 | Aug 20, 2026 -4d |
Lots sold
| Date | Head | Weight | Price | Outlet |
|---|---|---|---|---|
| May 17, 2026 | 63 | 13.74 cwt | $188.34 | Great Plains Beef Cash |
| Apr 18, 2026 | 83 | 12.75 cwt | $178.13 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.