Wheatland Family Farms

Rhonda Wendt · Thayer County, NE · Owen Speck · client since 2022

647k bu at 23% priced · 356 head at 69% sold

$3.2M under management

Self directedCosts from their booksLast spoke in 4 months1 critical3 other findings(785) 555-3748

Position Plan Working Orders Sales Break-evens Livestock Recap

Every unsold head on this account has either a floor or a contract behind it. That is the intended state for livestock, because there is no storing an animal while a bad market passes.

Head to market

356

244 sold, 69% by head

Sold against pace

69%

Pace target 65% by head.

Head with no floor

Unsold, with no endorsement and no forward contract.

On the table

$58,469

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

2026 calf crop Cow / Calf

356 calves at 5.5 cwt · 1,958 cwt total

On planReady in 46 days

On pace: 69% sold, market $94.92/cwt over break-even

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

Cost of gain

$151.27

$832 a head. From their books, Jun 9, 2026.

Market today

$246.19

Cow / Calf at the outlets this client uses.

Average sold

$250.80

+$99.53/cwt over cost on 244 head, so $131,623 banked.

Market over cost

+$94.92

$58,469 across the unsold head.

Sold against pace, by head69% of 65% target

By head rather than by pounds, which is what a producer means. 244 head is 68% of the weight, because the lots that went first were not average.

112 unsold244 sold, not shipped43 restingWindow Oct 9, 2026 to Nov 9, 2026

What is under the price

Index	Head	Coverage	Premium	Net floor	Against cost	Ends
Feeder Cattle	216	$231.00	$-6.80	$224.20	+$72.93	May 2, 2027 52 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 Rhonda Wendt, 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
$245.02	104	+$93.75 $53,623	Sold	Jun 9, 2026 2 months ago	Hit
$255.63	93	+$104.36 $53,379	Sold	Aug 9, 2026 15 days ago	Hit

Resting in the market

Head	Trigger	Away	Expires
43	$253.08	$6.89	Good til canceled

Lots sold

Date	Head	Weight	Price	Outlet
May 28, 2026	244	5.42 cwt	$250.80	Heartland Video Auction CashNot 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.