Big Bluff Ranch

Rhonda Hemmelgarn · Clay County, KS · Bree Sandoval · client since 2019

248k bu at 74% priced · 2,370 head at 68% sold

$7.5M under management

Call before pricingCosts from their booksLast spoke in 24 days4 other findings(785) 555-8382

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

2,370

1,604 sold, 68% by head

Sold against pace

68%

Pace target 65% by head.

Head with no floor

Unsold, with no endorsement and no forward contract.

On the table

—

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

Pen, May placement Feedlot

2,370 head at 13.85 cwt · 32,825 cwt total

HoldReady in 46 days

Market $182.00/cwt is under the $185.34 break-even

No forced sales. Look at LRP coverage to floor the 766 head still unsold, watch condition and cost of gain, and let the market come to you. Remember the floor is on the published index, not on what they bring at the barn.

Cost of gain

$185.34

$2,567 a head. From their books, Aug 9, 2026.

Market today

$182.00

Feedlot at the outlets this client uses.

Average sold

$186.25

+$0.91/cwt over cost on 1,604 head, so $20,653 banked.

Market over cost

-$3.34

The market is not paying what these animals cost.

Sold against pace, by head68% of 65% target

By head rather than by pounds, which is what a producer means. 1,604 head is 69% of the weight, because the lots that went first were not average.

766 unsold241 restingWindow Oct 9, 2026 to Dec 9, 2026

What is under the price

Index	Head	Coverage	Premium	Net floor	Against cost	Ends
Fed Cattle	2,198	$175.79	$-5.13	$170.66	-$14.68 Under cost	Oct 17, 2026 13 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 Hemmelgarn, 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
$192.76	458	+$7.42 $47,049	Sold	Jun 9, 2026 2 months ago	Hit
$192.76	422	+$7.42 $43,350	Sold	Aug 9, 2026 15 days ago	Hit

Resting in the market

Head	Trigger	Away	Expires
241	$189.34	$7.34	Nov 1, 2026

Lots sold

Date	Head	Weight	Price	Outlet
May 11, 2026	1,097	14.06 cwt	$190.74	Nebraska Beef Processors Cash
Apr 8, 2026	507	14.35 cwt	$176.74	Nebraska Beef Processors Cash

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.